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Credit Card Vocab

Total questions: 10

Worksheet time: 3hrs 30mins

Name
Class
Date
1.

The amount of money you must pay every month.

a)

Introductory APR

b)

Minimun Payment

c)

Credit Score

d)

Late Fee

2.

A credit card's yearly interest rate.

a)

Annual Interest Rate (APR)

b)

Minimun Payment

c)

Credit Score

d)

Late Fee

3.

Extra money you must pay if you go over your credit limit.

a)

Annual Interest Rate (APR)

b)

Minimun Payment

c)

Overdraft Fee

d)

Late Fee

4.

The extra money you must pay if you do not pay your balance in full each month.

a)

Interest

b)

Minimun Payment

c)

Overdraft Fee

d)

Late Fee

5.

The state of owing somebody money.

a)

Interest

b)

Credit Score

c)

Overdraft Fee

d)

Debt

6.

Extra money you must pay if you do not pay your bill on time.

a)

Interest

b)

Late Fee

c)

Overdraft Fee

d)

Debt

7.

The willingness for someone to lend you money is based on this.

a)

Interest

b)

Late Fee

c)

Credit Score

d)

Debt

8.

The tempting 0% offer that credit card companies use for the first year.

a)

Interest

b)

Annual Percentage Rate (APR)

c)

Credit Score

d)

Introductory Offer

9.

A means to purchase goods or services with the promise to pay.

a)

Interest

b)

Annual Percentage Rate (APR)

c)

Credit Card

d)

Debt

10.

The Annual Percentage Rate, divided by 12 months.

a)

Interest

b)

Annual Percentage Rate (APR)

c)

Debt

d)

Monthly Finance Rate