H&R Block Budget Quiz 3 With
Accurate Answers
David is reviewing his credit card account online and notices charges that he did
not make. Besides contacting the credit card company what else should he do?
correct answer Change his login and PIN for this and all other accounts.
How are financial sites offering an additional level of security at login? correct
answer By sending an authorization code to a mobile device or email account.
How does credit utilization affect your credit score? correct answer Keeping credit
utilization below 30% increases your score.
In what way can using a credit card be like getting an interest free loan? correct
answer Pay the balance in full at the end of the month and no interest is charged.
In what way is a gas station credit card different than a bank credit card? correct
answer Gas station cards only work at those gas stations.
What is a normal consequence of carrying a balance on a credit card? correct
answer The net cost of the purchase will be higher.
What is not a necessary step to take after using a public computer to transmit
personal or financial information? correct answer unplugging the computer after
use
What is the maximum cost to a cardholder if they lose their credit card and report
it within 24 hours? correct answer $50
Accurate Answers
David is reviewing his credit card account online and notices charges that he did
not make. Besides contacting the credit card company what else should he do?
correct answer Change his login and PIN for this and all other accounts.
How are financial sites offering an additional level of security at login? correct
answer By sending an authorization code to a mobile device or email account.
How does credit utilization affect your credit score? correct answer Keeping credit
utilization below 30% increases your score.
In what way can using a credit card be like getting an interest free loan? correct
answer Pay the balance in full at the end of the month and no interest is charged.
In what way is a gas station credit card different than a bank credit card? correct
answer Gas station cards only work at those gas stations.
What is a normal consequence of carrying a balance on a credit card? correct
answer The net cost of the purchase will be higher.
What is not a necessary step to take after using a public computer to transmit
personal or financial information? correct answer unplugging the computer after
use
What is the maximum cost to a cardholder if they lose their credit card and report
it within 24 hours? correct answer $50
