(1) Cash advance (convenience) checks can be used for which of the following purchases

a. Cashed to obtain liquid funds

b. Make a purchase or pay a bill

c. Pay the balance of another credit card

d. All of these

(2) Maria has just applied for a credit card that offers a 6 percent interest rate for 12 months. At the end of 12 months, the interest rate will be "prime plus 9 percent." Which of the following characteristics does this card have?

a. Co-branded

b. Variable interest rates

c. Teaser rates

d. Both variable interest rates and teaser rates

(3) Before applying for a preapproved credit card, you have already

a. all of these

b. been granted credit

c. had a credit card limit set

d. had the APR determined

(4) A method not recommended for getting out of excessive credit card debt is to

a. not open new credit accounts or accept any new credit offers

b. pay the minimum amount due on your high interest-rate cards, and pay as much as possible on the lowest interest-rate cards

c. consider transferring existing balances on high-interest rate accounts to an account with a lower interest rate

d. negotiate with your creditors to lower your paymnts and interest rates

(5) Which of the following is an example of an unsecured debt?

a. Auto loan

b. Second mortgage

c. Signature loan

d. First mortgage