Honors Econ - Financial Literacy/Credit Card

Question 1

A disadvantage of a low FICO

Accepted Answer

additional interest

Question 2

Are parents liable for your charges if you can't make the payment on a student credit card?

Accepted Answer

Yes

Question 3

The TCHS Paw Print Credit Union is considered a

Accepted Answer

Thrift

Question 4

Buy Now and Pay Later

Accepted Answer

Credit Card

Question 5

Https websites are

Accepted Answer

secure

Question 6

Once a year, you can get one free credit score report from

Accepted Answer

TransUnion

Question 7

When your parents co-sign with you for a credit card they have joint

Accepted Answer

responsibility

Question 8

Over your credit card limit can hurt you by decreasing your

Accepted Answer

FICO

Question 9

A perfect credit score

Accepted Answer

850

Question 10

When completing a check register, debit means to __ from the balance

Accepted Answer

Subtract

Question 11

What happens to your credit score when you go over your credit limit?

Accepted Answer

Decreased

Question 12

Should you regularly check your credit card bill

Accepted Answer

Yes

Question 13

APR

Accepted Answer

Annual Percent Rate

Question 14

Wells Fargo, Bank of America, PNC Bank are examples of

Accepted Answer

Commercial Bank

Question 15

When paying your bills, what is the best way to ensure a good credit score?

Accepted Answer

Pay the entire bill

Questions 15