Understanding credit cards Quiz Welcome to your Understanding credit cards QuizPlease click "Next"What is a Credit Card?it's a card that contains the money that you have saved upIt's a card that let's you borrow money that you need to repayit's a cards that collects points, but cannot be used to make purchasesWhat is a monthly credit card bill?It's a monthly list of transactions and a total amount that needs to be repaidIt's a document that you sign when obtaining a credit cardIt's a document that should be carried everywhere with the credit cardIf Linda's credit card bill balance is $300 and she made a minimum payment of $10, would she be charged interest on the remaining balance?YesNoImpossible to determineIf the credit card interest rate is 25% and the monthly balance is $100, how much interest would have to be paid in one month?$250$25$125How is credit card limit determined?Based on how much you exercise per weekBased on your grades at schoolBased on how diligently you repay your debtsTime is Up!
