What do you already know about Using Credit Cards?
Knowledge Check Summary
0 of 9 Answers completed
Questions:
Information
You have already completed the knowledge check before. Hence you can not start it again.
Knowledge Check is loading…
You must sign in or sign up to start the knowledge check.
You must first complete the following:
Results
Results
0 of 9 Answers answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- Current
- Review
- Answered
- Correct
- Incorrect
-
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.
CorrectIncorrect -
Question 2 of 9
2. Question
Credit cards may charge fees for which of the following?
CorrectIncorrect -
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?
CorrectIncorrect -
Question 4 of 9
4. Question
A credit card’s annual percentage rate is _______.
CorrectIncorrect -
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.
CorrectIncorrect -
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?
CorrectIncorrect -
Question 7 of 9
7. Question
The longer you take to pay off a credit balance, the _______ it costs you.
CorrectIncorrect -
Question 8 of 9
8. Question
When you buy goods and services on credit, it is expected that _______.
CorrectIncorrect -
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.
CorrectIncorrect