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WorksheetsUnit 5 Quiz
Total questions: 11
Worksheet time: 7mins
Least amount that must be paid on a credit card balance
Interest Rate
APR
Minimum Payment
Credit History
Something of value that will be surrendered to a lender if credit is not repaid
APR
Collateral
Interest Rate
Late Fee
Fee charged on an unpaid credit balance
Finance Charge
Bankruptcy
Credit History
Cash Advance
Money borrowed on a credit card
Cash Advance
Minimum Payment
Collateral
Bankruptcy
Charged when payment of a debt is not made within the agreed time frame
Minimum Payment
Collateral
Late Fee
APR
Portion of credit a cardholder may charge
Minimum Payment
Collateral
Available Credit
Credit History
Device issued by a bank or company that allows a cardholder to borrow money to pay for goods and services
Bankruptcy
Available Credit
APR
Credit Card
Legal proceeding that allows a debtor to clear their debts while also allowing creditors to be repaid
Bankruptcy
Interest Rate
Collateral
APR
Number that evaluates a consumer's credit risk
Available Credit
Credit Score
Collateral
Interest Rate
At the Penalty APR rate of 28.99% and a balance of about $1800, approximately how much interest would you owe?
(a)
At the Penalty APR rate of 19.98% and a balance of about $4500, approximately how much interest would you owe?
(a)
