Standard 8
1. Before getting a credit card, it is important to
2. Credit cards are classified as revolving credit, which means
3. A credit card (as it relates to debit and charge cards) __________________________
4. Which of the following statements is BAD advice for a credit card user?
5. The minimum payments on your statement indicates the
6. Credit card companies can change interest rates on their cards only if you
7. The process for disputing an incorrect charge on your statement
8. If you get a credit card with a special introductory low interest rate,
9. Which of the following is a benefit to using a credit card instead of paying with cash?
10. When buying a product online,
11. The “s” in https indicates you are using a _________ Web site
12. After completing an online purchase, be sure to
13. Which of the following statements is TRUE?
a. Buying online is always a better deal than buying from a local merchant
b. Buying from a local merchant is always a better deal than buying online
c. You can save time and money by comparison shopping online and locally before making a
purchase
d. You cannot save time and money by comparison shopping online and locally before making
a purchase
14. Whether buying online or buying from a local merchant, always
15. All of the following are good reasons to buy locally EXCEPT you
16. When shopping online,
a. Order where you can get the cheapest price
b. If the seller puts something in writing, it has to be true
c. Check out the merchant’s security policy before ordering
d. Do not worry about comparing shipping charges; all online merchants charge the same
17. All of the following are benefits to buying online EXCEPT you
18. A recent study by the Pew Research Center shows that