CREDIT CARD

CREDIT CARD

University

10 Qs

quiz-placeholder

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CREDIT CARD

CREDIT CARD

Assessment

Quiz

Financial Education

University

Practice Problem

Easy

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one benefit of using a credit card?

Easy to get into debt

Provides a means for credit

Risk of fraud

Costs more money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a credit card help you get cash quickly?

Purchase protection

Cash advance

Interest charges

Annual fee

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if you pay your credit card bill on time?

You pay interest

You get more credit

No interest charges

Risk of fraud

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is easier to use than cash?

Annual fee

Credit card

Interest charges

Risk of fraud

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of protection does a credit card offer for your purchases?

Cash advance

Easier to use

Purchase protection

Interest charges

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a problem with using a credit card too much?

Easy to get into debt

Purchase protection

Easier to use

No interest charges

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is charged if you don't pay your full credit card bill?

Annual fee

Purchase protection

Interest charges

Easier to use

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