Credit Cards

Credit Cards

5th Grade

22 Qs

quiz-placeholder

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Credit Cards

Credit Cards

Assessment

Quiz

Mathematics

5th Grade

Practice Problem

Medium

Created by

Mark Haskell

Used 1+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit card represents

free money.

is the same as a debit card.

a line of credit.

All of the above.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A line of credit is

the money you have in your bank account.

a set amount of money that you are allowed to borrow.

how many credit cards you have.

None of the above.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Falling into serious credit card debt

rarely happens to people.

only happens to those that lose their job.

can easily occur and happens to millions of Americans.

None of the above.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main reason why people fall into serious credit card debt is

because they lose their job.

because they don’t make enough money.

irresponsible spending habits.

All of the above.

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The way you can stay out of credit card debt is

don’t buy anything you can’t afford.

by keeping track of your balance.

by limiting the number of credit cards to one.

All of the above.

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The advantage of a credit card is the

Lost or Stolen Safeguards.

Purchase Protection.

Recorder Keeping Ability.

All of the above.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When shopping around to obtain a credit card, it is important to make sure it has

a low interest rate and low fees.

a high interest rate.

a fancy perks and reward program.

a high popularity rating.

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