Pre-Lesson Assessment: Debit & Credit Cards
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Question 1 of 5
1. Question
Credit cards incur _________________ interest.
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[compound][compounding]
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Question 2 of 5
2. Question
To avoid interest charges you must pay your account balance to $0 each month.
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Question 3 of 5
3. Question
A credit card’s billing cycle will always span exactly 30 days.
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Question 4 of 5
4. Question
A credit card’s reporting date will typically be within a few days after the closing date.
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Question 5 of 5
5. Question
Paying your entire credit card statement in full (example: billed $100; pay $100) every month will not build your credit as fast as leaving a portion of your bill unpaid and carrying a small balance (example: billed $100; pay $90).
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