Stocks + Credit
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Natalie Keller
Used 4+ times
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42 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following statements comparing credit and debit cards is TRUE?
Far more businesses accept credit cards than debit cards
Credit cards pull money directly from your bank account, while debit cards get their money from Visa or Mastercard
Credit card companies provide you with a monthly statement, while debit cards do not
With debit cards, you're spending your own money at point of sale, while with credit cards, you're promising to pay back the money eventually
none of the above
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is an outstanding balance?
The amount you paid in your minimum payment
The amount you spent in total
The amount you still owe after you have made your most recent payment
The amount you still have in your life of credit
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the advantage of paying your credit card balance in full each month?
You will incur only a small "paid in full" fee on your next credit card statement.
You pay only a small amount of interest.
You have less of your credit limit available, therefore, less temptation to spend.
You avoid paying any interest and fees.
all of the above
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the three most popular credit bureaus?
Equifax
TransUnion
All Of The Above
Experian
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is a good credit score important?
It makes renting easier and you get approved more often.
You can get benefits, like qualifying for lower credit card interest.
It's cheaper to borrow money when you need it.
All of the above.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is Interest?
The amount you're borrowing.
Percentage that your financial institution charges you for lending you the money.
The amount of time you have to pay it all back.
None of the above
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a typical type of credit?
Mortgage
Overdraft
Credit Card
Pre-Paid Debit Card
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