Savings and Credit Quiz Answers

1. A. True
2. D. All of the above
3. D. All of the above, as well as government agencies
4. C. $50, but most card issuers will waive any liability in clear cases of a stolen card or number
5. B. Your borrowing and bill payment history
6. B. You will get a bill for your purchases at the end of each month
7. C. About 1.5% lower
8. C. You’re charged interest even if you pay your bill in full and on time each month
9. A. True
10. B. Annual percentage rate, the total cost of credit over a whole year, including interest rate and fees