III

1.Which of the following questions should you ask before making a purchase on credit? (Choose all that apply)

  Is this item something I need or something I want?

2. Which of the following offer credit cards? (Choose all that apply)

  Banks

3.If you find you must make a larger purchase using a credit card, what is the "rule of thumb" for paying off the debt?

  Take out a line of credit to pay the debt

4.To what percentage of your take-home income should your debt payments be limited?

  10% to 20%

5. Which types of credit are referred to as "revolving credit"? (Choose all that apply).

  Lines of credit

6. How can you protect yourself from credit card fraud? (choose all that apply).

  Keep track of cards by making a list of important information about the card

7. What is APR?

  Annual Percentage Rate

8. It is a good idea to pay off your credit cards each month in full

  True

Why is it important to have good credit in the world today? What will it help you to do? How will you plan to obtain credit and maintain a good credit history?

Its important to have a good credit in the world today because if you have a bad credit you may lost your credit card and have to pay lot of money.

VOCABULARY

Fraud:My friend is a victim of a fraud of credit card.

Unforeseen: Is something unpredictable. 

Direct: The office direct me to the right place.

Payment: My dad has to make a payment for his credit card.

Unsecured: Im unsecured about this.

Tremendous: My mom has a tremendous problem with her bank account.

Enable: My brother was enable to do his work.

Creditworthiness: A person or company, considered suitable to receive credit.