Charge It Right Workshop Quiz

Question Title

* 1. Name

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.

True

False

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* 3. The periodic rate is the cost of credit.

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.

True

False