Credit Cards — Reading Comprehension

Based on the passage titled Credit Cards: The Dangers of Credit Cards, what is the average number of credit cards held by card holders?

• Two

• Three

• Four

• Five

Tags

CCSS.RI. 9-10.2

CCSS.RI.8.2

CCSS.RL.8.2

CCSS.RL.9-10.2

CCSS.RI.7.2

Why are credit cards being used more often than in the past?

• They are convenient and safer to carry than cash.

• They always charge no interest.

• They guarantee people will save money on every purchase.

• Merchants refuse to accept cash.

Tags

CCSS.RI.7.1

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.8.1

CCSS.RL.9-10.1

What can credit cards do to your financial health?

• Put it into serious jeopardy.

• Improve it automatically.

• Have no impact on it.

• Guarantee lifelong wealth.

Tags

CCSS.RI.11-12.8

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.8.7

CCSS.RL.9-10.7

Shortly after you open a credit card what often occurs?

• You receive multiple offers to open other credit cards.

• Your card is automatically canceled.

• Banks stop sending advertisements.

• Interest rates permanently drop to zero.

Tags

CCSS.RI.7.1

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.8.1

CCSS.RL.9-10.1

What does a credit card represent according to the passage about credit cards and their disadvantages?

• A line of credit

• A savings account

• A debit card

• A source of free money

In the passage, what is a credit line defined as?

• A set amount of money you are allowed to borrow

• Your monthly income from a job

• A list of bank fees and penalties

• Points earned for card rewards

Tags

CCSS.RI.11-12.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RL.8.4

CCSS.RL.9-10.4

With a credit card, what is the bank allowing you to do when you make a purchase?

• Borrow the bank’s money

• Spend only the money in your own bank account

• Withdraw cash without any fees

• Receive free goods

Tags

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.7.5

Based on the passage, is obtaining a credit card easy or difficult?

• It is very easy to obtain a credit card

• It is very difficult to obtain a credit card

• It is impossible without a college degree

• It is only possible in person at a bank

Tags

CCSS.RI. 9-10.2

CCSS.RI.8.2

CCSS.RL.8.2

CCSS.RL.9-10.2

CCSS.RI.11-12.2

What are two requirements needed to obtain a credit card as stated in the passage?

• Be at least 18 years old and have a job

• Be under 18 and have a parent sign

• Own a car and a house

• Have a debit card and a bank account

Tags

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.7.3

According to the passage, what is a credit card not a source of?

• Free money

• Borrowed funds

• Purchases

• Improved credit rating

Tags

CCSS.RI. 9-10.2

CCSS.RI.8.2

CCSS.RL.8.2

CCSS.RL.9-10.2

CCSS.RI.11-12.2