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Welcome to... A Game of Xs and Os. 789 456 123 789 456 123 Scoreboard X O Click Here if X Wins Click Here if O Wins.

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Presentation on theme: "Welcome to... A Game of Xs and Os. 789 456 123 789 456 123 Scoreboard X O Click Here if X Wins Click Here if O Wins."— Presentation transcript:

1 Welcome to... A Game of Xs and Os

2 789 456 123

3 789 456 123 Scoreboard X O Click Here if X Wins Click Here if O Wins

4 1 Zero liability means you are not responsible for fraudulent charges on your card.

5 1 True! Zero liability means you are not responsible for fraudulent charges on your card, if you report them promptly. Home

6 2 Your credit card balance is the maximum dollar amount that can be charged on your credit card.

7 2 False! Credit limit is the maximum dollar amount that can be charged on your credit card.

8 3 Overdraft protection is a service that protects you from penalties for writing checks with insufficient funds.

9 3 True! Overdraft protection is a service that protects you from penalties for writing checks with insufficient funds.

10 4 The true cost of a credit card purchase includes the tax of that purchase.

11 4 False! The true cost of a credit card purchase includes any interest pay as a result of that purchase.

12 5 Credit card rating is the yearly interest rate charged on outstanding credit card balances.

13 5 False! APR is the yearly interest rate charged on outstanding credit card balances.

14 6 One of the advantages of having a credit card is that you can increase your impulse buying habits.

15 6 False! Its best to use credit cards for needs rather than wants. Home

16 7 An introductory rate is a temporary interest rate offered by a credit card company as a promotion.

17 7 True! An introductory rate is a temporary interest rate offered by a credit card company as a promotion. It usually last for 6-12 months, then increases.

18 8 A disadvantage of credit cards is its cost to you in interest and fees.

19 8 True! Credit cards cost to you is in interest and fees. Banks need to make money too! Home

20 9 Annual Percentage Rates (APRs) rates are always fixed.

21 9 False! Annual Percentage Rates (APRs) rates can be fixed or variable.

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