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You’re a Credit Card Owner. Now What?

Exercise 1

Choose the best answer.

  • 1. How much money is on a credit card?
    1. $500
    2. $5,000
    3. $50,000
    4. It depends on a person’s credit worthiness
  • 2. How do you know how much money you can use on a card?
    1. Check the credit limit
    2. Check the available balance
    3. Check your credit score
  • 3. If your credit limit is $1,500 and your available balance is $500, how much money have you charged to the card?
    1. $1,500
    2. $2,000
    3. $1,000
    4. $500
  • 4. If you owe $100 on your credit card and have a $900 line of credit, how much is your available credit?
    1. $800
    2. $1,000
    3. $900
    4. $100
  • 5. If your current amount due is $200 and your available balance is $550, how much is your credit limit?
    1. $650
    2. $550
    3. $350
    4. $750

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