Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
CC #1
Test Description: FUHRMS - Financial Literacy
Instructions: Answer all questions to get your test result.
1) Payday lenders can charge up to how much interest?
A
75%
B
50%
C
900%
D
10%
2) Credit card minimum payments are usually around what percent of the total balance?
A
20-30%
B
2-3%
C
100-150%
D
80-100%
3) Which one of these is a charge that you would NOT see on a credit card bill?
A
Overdraft Fee
B
Late Payment Fee
C
Annual Fee
D
Over-The-Limit Fee
4) Which one of these is a charge that you would NOT see on a credit card bill?
A
Online Statement Fee
B
Over-The-Limit Fee
C
Annual Fee
D
Returned Check Fee
5) A cash advance is
A
When a store has a return policy
B
When you use your debit card to obtain a cash loan
C
When you get a credit card promotional offer
D
When you use your credit card to obtain a cash loan
6) The Annual Percentage Rate (APR) on a credit card determines
A
The number of items that you can buy within one year
B
The amount of interest you are charged on credit card purchases
C
How many credit cards that you can own
D
The rate of return on your stock investments
7) The maximum amount you can charge on a credit card is called the
A
credit ratio.
B
collateral for the card.
C
credit limit.
D
capacity.
8) What is the ability to make purchases with the promise that the monies will be repaid at a later date?
A
credit
B
charge card
C
charge
D
credit card
9) What is an outstanding balance?
A
The amount of money you still need to repay on any debt you have
B
The maximum amount of cash advance fees that charged to a consumer
C
The amount of finance charges on previous and current purchases
D
The amount of charges that have not yet appeared on your credit card statement
10) What is the average daily balance?
A
The average amount you pay on the credit card each day of the billing cycle
B
The average amount you owe on the credit card each day of the billing cycle
C
The average amount you owe on the credit card each month of the billing cycle
D
The average amount you charge on the credit card each day of the billing cycle
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?