Credit Card Vocab
Flashcard
•
Mathematics
•
11th - 12th Grade
•
Practice Problem
•
Hard
+8
Standards-aligned
Wayground Content
FREE Resource
Student preview
18 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Credit Card
Back
allows the user to charge for the purchase now and pay later
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
2.
FLASHCARD QUESTION
Front
Debit Card
Back
Directly withdraws from checking account for purchases.
3.
FLASHCARD QUESTION
Front
Credit Limit
Back
Maximum amount of credit a cardholder can borrow; also known as Credit Line.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
FLASHCARD QUESTION
Front
Annual Percentage Rate (APR)
Back
Yearly interest rate charged on debt.
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
Retail Credit Card
Back
Same as a credit card but can only be used at the specific retailer.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
FLASHCARD QUESTION
Front
Promotional Period
Back
No interest charged if debt is paid by end of promo; retailer’s special offer.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
FLASHCARD QUESTION
Front
Deferred Interest
Back
Amount of interest forgiven if debt is paid in full by the end of the promotional period.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
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