Credit Card Quiz

Credit Card Quiz

9th - 12th Grade

13 Qs

quiz-placeholder

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Credit Card Quiz

Credit Card Quiz

Assessment

Quiz

Mathematics

9th - 12th Grade

Medium

Created by

Gillian Reyes

Used 1+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a credit card interest rate?

The amount of money you owe on your credit card

The fee charged by the credit card company for using the card

The percentage of interest charged on the unpaid balance of your credit card

The maximum amount you can spend on your credit card

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a common method of credit card payment?

Cash

Cheque

Online banking

All of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens if you only pay the minimum amount due on your credit card?

Your credit card will be cancelled

You will be charged a late payment fee

You will not be able to use your credit card anymore

You will be charged interest on the remaining balance

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the monthly percentage rate for a credit card?

The amount of interest paid per month

The only time you can make a payment on your credit card

The time period during which you can apply for a credit card

The debt you will accumulate if you do not pay your balance

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following factors can affect your credit card interest rate?

Your credit score

Your income

Your credit card usage

All of the above

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the best way to avoid credit card debt?

Paying off your credit card balance in full each month

Making only the minimum payment on your credit card

Using your credit card for all your purchases

Ignoring your credit card bills

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is APR (annual percentage rate) for a credit card?

The annual fee charged by the credit card company

The interest rate charged on cash advances

Interest you pay in dollars

The interest rate charged on balance transfers

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