Online Shopping and Credit Cards: Standard 8 Test
Which of the following statements is TRUE?
You can save time and money by comparison shopping online and locally before making a purchase.
A recent study by the Pew Research Center shows that
about 2/3 of those who use Internet have made an online purchase.
Credit card companies can change interest rates on their cards only if you
are notified in advance.
Whether buying online or buying from a local merchant, always
buy from a reputable company.
When shopping online,
check out the merchant's security policy before ordering.
A credit card
differs from both a charge card or a debit card because it allows you to making monthly payments on your balance.
All of the following are good reasons to buy locally EXCEPT you
have more selection.
The process for disputing an incorrect charge on your statement
is explained on the back of your monthly statement.
The minimum payment on your statement indicates the
least amount you can pay without additional late fees.
All of the following are benefits to buying online EXCEPT you
must rely on the description given.
After completing an online purchase, be sure to
print off a copy of your receipt and order number.
Before getting a credit card, it is important to
read the fine print to understand the terms.
The "s" in https indicates you are using a ________________ Web site.
secure
When buying a product online,
use a credit card or charge card for increased protection.
Credit cards are classified as revolving credit, which means
you can use the amount for which you are approved.
If you get a credit card with a special introductory low interest rate,
you should read the agreement carefully to see what happens when the offer expires.
Which of the following statement is BAD advice for a credit card user?
If you cannot make a payment when the bill arrives, just wait until next month.
Which of the following is a benefit to using a credit card instead of paying with cash?
It is safer to carry a credit card than to carry cash.
