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What is an advantage of using a
credit card? (1 point)
It will not affect your
credit score or credit
history
Since it is tied directly
to your checking
account, it prevents
you from spending
money you do not have
If you need to carry a
balance, the interest
rates are generally
quite low (less than
5%)
You can make an
emergency purchase
that you otherwise
don’t have the money
to pay for right now
A loan with a shorter term
length will have __________
monthly payments, and you
will pay __________ in total
interest. (1 point)
Higher, less
Higher, more
Lower, less
Lower, more
Which of the following is
most likely to represent a
fixed rate, secured debt?
(1 point)
A student loan
A credit card
A prepaid debit card
An auto loan
Shira is trying to decide
between getting a debit card,
a prepaid debit card, and a
credit card. Which statement
is true? (1 point)
All 3 cards are completely
different
Debit cards and prepaid
debit cards are the same
Debit cards and credit
cards are the same
All 3 cards are completely
the same