The cost of borrowing money is referred to as
THE ULTIMATE WISE TEST REVIEW
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THE ULTIMATE WISE TEST REVIEW
Quiz
•
Joseph Farrell
•
Other
•
10th - 11th Grade
•
17K plays
•
Medium
75 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Interest
Annual Percentage Rate
Credit
Credit Line
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The maximum amount you are allowed to carry as a balance on the card
interest
ARP
credit limit
all of these
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This is a fee that some, but not all, credit card issuers charge to use their credit card.
APR
annual fee
monthly fee
non-sufficient funds fee
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount you must pay on a credit card, based on a percentage of the outstanding balance.
minimum fee
minimum payment
monthly statement
minimum monthly interest charge
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which one is considered a danger of using a credit card
no cash needed
leads to overspending
convenient
earns rewards
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
To build a good credit history, you should
open as much credit as possible quickly
use the maximum credit allowed on all your credit cards
pay on time and as much of your balance as possible
all of these
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does APR stand for?
American Peoples Reports
Annual Progress Report
American Percentage Rate
Annual Percentage Rate
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