Question

question 1
credit card cash advances:
oa generally carry the same interest rate as card purchases
ob. receive the same grace period as purchases.
oc. cannot be done via check.
od. all of the above.
oe. none of the above.
question 2
credit cards are bad and should never be used.
o true.
o false.
question 3
what is the difference between a debit card and a credit card?
oa there is no difference, only marketed differently.
ob. youll always have more money available with a credit card.
oc. you pay interest on debit cards.
od. debit cards pull from the money you already have.
question 4
the \grace period\ on a bank loan means:
oa the time between purchase and payment due date.
ob. getting a payment extension when youre in the banks good graces.
oc the time you get before you decide if you want to return a product
od. closed on sundays so no payment due.
question 5

Explanation:

1. Credit card cash - advances have different terms. 2. Credit cards can be useful if used right. 3. Debit cards use existing funds. 4. Grace period is time from purchase to due date.

Answer:

1. E. None of the above
2. False
3. D. Debit cards pull from the money you already have
4. A. The time between purchase and payment due date