5

1. Which of the following will most negatively affect your standard of living?
2. paying your balances off in full
3. making minimum payments on credit cards
4. always using your credit card for purchases
5. all of the above

4 points

QUESTION 6

1. You purchase a new table at your local furniture store and decide to pay using your credit card. You plan to pay off this debt within a year. Choose the best credit card choice from the following offers.
2. 22% interest
3. 0% interest for 1 year and 12% interest after that
4. 2% interest
5. 6% interest

4 points

QUESTION 7

1. You purchase new furniture and decide to pay using your credit card. You plan to pay off this debt within a year. Choose the best credit card choice from the following offers.
2. 18% interest
3. 27% interest
4. 0% interest for 1 year and 12% interest after that
5. 3% interest