Credit and Debt Management

Credit and Debt Management

6th - 8th Grade

10 Qs

quiz-placeholder

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Credit and Debt Management

Credit and Debt Management

Assessment

Quiz

Other, Specialty

6th - 8th Grade

Practice Problem

Medium

Created by

Elizabeth Pitel

Used 380+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The least amount that must be paid on a credit card each month is

Minimum Payment
Late Fee
Credit Limit
money time

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The credit company can charge interest if the credit card bill is not paid in full by the due date.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a cardholder avoid paying interest on a credit card?

Pay the balance in full every month
Pay the minimum payment after its due date
Do not pay anything
Pay the minimum balance every month

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Only making the minimum payment on a credit card every month will:

lower the amount total paid for the purchase
take longer to pay off which will result in paying more interest, more money!
pay off the credit card faster

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

It is best to pay more than the minimum due on your credit card.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

It would be best to have a high credit score

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A credit report is a report showing a borrower's history of how well they paid their bills.

True
False

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