Find out what you learned about Using Credit Cards
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Question 1 of 9
1. Question
If the annual percentage rate on your credit card is 18%, you will pay 18% interest on each month’s balance.
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Question 2 of 9
2. Question
Credit cards may charge fees for which of the following?
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Question 3 of 9
3. Question
What is the name for the credit card fee that is charged to you when you take money out of your card?
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Question 4 of 9
4. Question
A credit card’s annual percentage rate is _______.
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Question 5 of 9
5. Question
Paying the minimum monthly payment on your credit is affordable, but a major downside is that it takes much longer to pay off.
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Question 6 of 9
6. Question
Which of the following alternatives to a credit card would save you the most money in interest and fees?
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Question 7 of 9
7. Question
The longer you take to pay off a credit balance, the _______ it costs you.
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Question 8 of 9
8. Question
When you buy goods and services on credit, it is expected that _______.
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Question 9 of 9
9. Question
Buying things with credit costs more than buying things with cash because with credit, you must generally also pay interest.
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