Credit Card Vocab Practice
Authored by AMANDA ZABLONSKI
Mathematics
11th Grade
CCSS covered
Used 6+ times
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26 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Credit Card Statement?
The maximum amount that a person can owe on a credit card at one time.
The due date, or the date the monthly payment must be received by the creditor.
A periodic statement that lists all the purchases, payments and other debits and credits made to your credit card account within the billing cycle.
A unique number that identifies a credit card holder.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Credit Line?
The APR divided by 12; the rate of interest charged each month.
The amount currently owed on a credit card.
The difference between the maximum amount allowed and the actual amount owed on the credit card. How much you can still spend.
The maximum amount that a person can owe on a credit card
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Monthly Periodic Rate refer to?
The APR divided by 12; the rate of interest charged each month.
The interest rate paid per year or charged per year.
The lowest payment amount the credit card company will accept for the current billing period.
The penalty charged if your payment is received after the due date.
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Late Charge?
The lowest payment amount the credit card company will accept for the current billing period.
The penalty charged if your payment is received after the due date.
A yearly fee that may be charged for having a credit card, independent of how you use the card.
The due date, or the date the monthly payment must be received by the creditor.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Available Credit?
The maximum amount that a person can owe on a credit card at one time.
The amount currently owed on a credit card.
The difference between the maximum amount allowed and the actual amount owed on the credit card. How much you can still spend.
The APR divided by 12; the rate of interest charged each month.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of Minimum Payment?
The APR divided by 12; the rate of interest charged each month.
The lowest payment amount the credit card company will accept for the current billing period.
The penalty charged if your payment is received after the due date.
A yearly fee that may be charged for having a credit card, independent of how you use the card.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Credit Card?
A plastic card that allows you to make purchases now with borrowed money, which then you must repay to the lender in monthly payments.
The maximum amount that a person can owe on a credit card at one time.
A unique number that identifies a credit card holder.
The amount currently owed on a credit card.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
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