
Credit Notes Part.2
Authored by Quintin Smith
Computers
9th Grade
Used 2+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the yearly cost to use a credit card called?
Annual fees
Interest charges
Late payment fees
Cash advance fees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APR stand for and what does it affect on your credit card?
Interest rates; APR affects how high your payment will be.
Annual Payment Requirement; APR affects your credit limit.
Account Processing Rate; APR affects your rewards points.
Automatic Payment Reminder; APR affects your billing cycle.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the period called between the billing date and the date payment is due, after which a late fee is charged?
Grace period
Interest period
Penalty phase
Settlement window
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the minimum amount you must pay on your credit card to avoid a fee called?
Minimum payment
Credit limit
Annual fee
Cash advance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of fee mentioned in the list?
Late fee
Cash advance fee
Annual fee
Failure to pay minimum balance fee
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of an incentive for using a credit card? Fill in the blank: Incentives include cash back for every dollar charged and ______ earned that can be used for other items or credit.
points
receipts
bills
penalties
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to review your credit card statements monthly? Fill in the blank: Review monthly to ensure all charges are ______ and accurate.
legitimate
expensive
frequent
delayed
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