Personal Finance Credit Card Pre Test
5 Questions
| Total Attempts: 154
Please answer the following questions regarding credit cards.
Questions and Answers
- 1.A credit card company can never raise its rates in the middle of the year.
- A.
True
- B.
False
- 2.Do credit cards have a postive, negative, or both positive and negative impact on credit scores? Defend your answer,
- 3.Everyone should have at least ______________ credit cards
- 4.Opening a credit card to receive a promtional item is foolish
- A.
It is always foolish to open a credit card for any reason
- B.
It is never foolish to open a credit credit card
- C.
It may depend on the situation
- 5.Using your credit card online is safer than using a debit card,
- A.
True
- B.
False
Questions: 24 | Attempts: 2266 | Last updated: Oct 19, 2014
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Sample QuestionMost credit cards charge you interest even if you pay your balance in full each month.
Questions: 25 | Attempts: 568 | Last updated: Apr 14, 2020
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Sample QuestionIf you have a very high credit score (e.g., over 800) you are more likely to be approved when you apply for credit (like a credit card or auto loan) and will likely have a lower interest rate on your loan than a borrower with a low credit score.
Questions: 17 | Attempts: 112 | Last updated: Jul 31, 2017
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Sample QuestionTrue or False. The "net price" (your out-of-pocket expenses) for a college education is often significantly LESS than the "sticker price" due to financial aid provided by the college to reduce the cost to those with the greatest financial need.
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