Charge It Right Workshop Quiz

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1. Name (Required.)

Name

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2. Principal is a total dollar amount of purchases made on a credit card, or the balance remaining on a loan, not including interest or other fees. (Required.)

True

False

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3. The periodic rate is the cost of credit. (Required.)

True

False

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4. The grace period is the number of days you have to pay your balance before a creditor starts charging interest. (Required.)

True

False