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Payment Types - Everfi Quiz
Solution
MCQ Questions
Q.1.
What is a credit limit?
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Checks and Debit Cards both withdraw money directly from a bank account.
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The amount of money you still owe to the credit card company
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the amount of interest you are charged on credit card purchases
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The maximum amount you can charge each billing cycle.
Q.2.
Which payment type can help you stick to a budget?
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Debit cards
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Debit cards allow you to draw funds directly from your checking account.
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Payday loans
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Credit limit
Q.3.
What is the amount of money you still owe to their credit card company called?
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Minimum payment fee
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All of the above
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Credit card balance
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Debit cards allow you to draw funds directly from your checking account.
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