Credit Card Vocab

Credit Card Vocab

Assessment

Flashcard

Mathematics

9th - 12th Grade

Hard

CCSS
RI.9-10.4, L.11-12.4C, 7.RP.A.3

+7

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is the Monthly Finance Rate?

Back

The Monthly Finance Rate is the Annual Percentage Rate (APR) divided by 12 months.

Tags

CCSS.7.RP.A.3

2.

FLASHCARD QUESTION

Front

What is an Overdraft Fee?

Back

An Overdraft Fee is the extra money you must pay if you go over your credit limit.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

3.

FLASHCARD QUESTION

Front

What does APR stand for?

Back

APR stands for Annual Percentage Rate, which is a credit card's yearly interest rate.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

4.

FLASHCARD QUESTION

Front

What is Debt?

Back

Debt is the state of owing somebody money.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

5.

FLASHCARD QUESTION

Front

What is a Late Fee?

Back

A Late Fee is the extra money you must pay if you do not pay your bill on time.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

6.

FLASHCARD QUESTION

Front

What is Interest in terms of credit cards?

Back

Interest is the cost of borrowing money, typically expressed as a percentage of the amount borrowed.

Tags

CCSS.7.RP.A.3

7.

FLASHCARD QUESTION

Front

What is a Credit Score?

Back

A Credit Score is a numerical representation of a person's creditworthiness, based on their credit history.

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