Credit Vocabulary List Quiz 1

Credit Vocabulary List Quiz 1

9th - 12th Grade

10 Qs

quiz-placeholder

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Credit Vocabulary List Quiz 1

Credit Vocabulary List Quiz 1

Assessment

Quiz

Mathematics

9th - 12th Grade

Easy

Created by

Georgia Freeman

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

To find your interest charge,

you would multiply the __________________ by your credit card balance.


interest rate
Annual fee
ATM cash advance
balance payer
balance transfer

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Last month Lydia only paid the ____________________ on her credit card,

the smallest amount allowed.

minimum payment amount
Annual fee
ATM cash advance
balance payer
balance transfer

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

 If you are not careful with the use of credit,

you can damage your __________________.

credit rating (history)
Annual fee
ATM cash advance
balance payer
balance transfer

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Sam paid his credit card bill five days after it was due

and was charged a _______________.


late fee
Annual fee
ATM cash advance
balance payer
balance transfer

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Maria uses her credit card to buy things

only when she already has the money in the bank,

or as a___________________.


purchase enabler
Annual fee
ATM cash advance
balance payer
balance transfer

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Mario is a _______________________,

because he always pays his entire credit card bill each month.


balance payer
Annual fee
ATM cash advance
balance transfer
credit

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

 If your credit card company informs you that you can charge a greater amount on your card,

it means they have increased your ____________________.


credit line
Annual fee
ATM cash advance
balance payer
balance transfer

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