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The Impact of Interest

1 of 10

True or False: The interest you pay on a loan or credit card directly impacts your budget.

2 of 10

Interest rates are typically determined by which three factors?

3 of 10

True or False: Secured loans typically have higher interest rates than unsecured loans.

4 of 10

Credit card interest rates can vary due to:

5 of 10

True or False: Interest accrues differently depending on how a credit card is utilized.

6 of 10

How much extra interest would you pay for a $20,000 auto loan over 60 months with a rate of 9% APR vs. 3% APR over the life of the loan? Approximately:

7 of 10

True or False: It is impossible to have a loan or credit card without paying interest.

8 of 10

Which of the following would be a reasonable interest rate to expect on a standard credit card without rewards?

9 of 10

True or False: You are able to request a lower interest rate on your existing credit cards if your credit score improves.

10 of 10

Which type of loan typically offers the lowest interest rate?

©2023 Reseda Group LLC, used under license.

Copyright ©2023 Reseda Group LLC, used under license.