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The Math of Credit Cards Discussion Questions: Are Getting?

This document contains 9 questions about credit cards and loans. It asks about where the money comes from when using credit, the definition of a line of credit, options for paying back credit card debt, what a minimum payment is, how interest works, how credit card companies make money, what payday loans are, why credit card companies dislike customers who fail to pay, and lessons or advice provided in an accompanying video.

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1K views1 page

The Math of Credit Cards Discussion Questions: Are Getting?

This document contains 9 questions about credit cards and loans. It asks about where the money comes from when using credit, the definition of a line of credit, options for paying back credit card debt, what a minimum payment is, how interest works, how credit card companies make money, what payday loans are, why credit card companies dislike customers who fail to pay, and lessons or advice provided in an accompanying video.

Uploaded by

api-299736788
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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The Math of Credit Cards Discussion Questions

1. When you use a credit card, where does the money come from to pay for the goods you
are getting?

2. What is a line of credit?

3. What are the options for paying back a credit card loan?

4. What is a minimum payment?

5. What is interest?

6. How do credit card companies make their money?

7. What are payday loans?

8. Why do credit card companies not like people who are considered “dead beats”?

9. What are the main lessons or advice given in the video?

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