Mathematics

10th -

12thgrade

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Ch. 4 Credit Card Review for Fall Final Exam

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  • 1. Multiple Choice
    30 seconds
    1 pt

    To avoid being charged for unauthorized fees or sales by a credit card company, customers should

    save their credit card sales slips and compare them with their credit card statement.

    check that all payments appear on their credit card statement.

    check that any purchase returns appear on their credit card statement.

    all of the above

  • 2. Multiple Choice
    30 seconds
    1 pt

    A grace period allows you to avoid paying finance charges if you pay your credit card balance in full by the due date.

    True

    False

  • 3. Multiple Choice
    30 seconds
    1 pt

    If a monthly periodic rate is used, divide the Annual Percentage Rate (APR) by 12.

    True

    False

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