Let Joe Know consumer quiz: Test your consumer knowledge involving credit cards and loans

Test your consumer knowledge involving credit cards and loans.

You and your spouse have a joint credit card account. Which of these is correct?

A. Only the primary account holder is responsible for debt

B. Each holder is responsible for only the charges they made

C. Each holder is responsible for all of the charges   

You've lost your debit card and notify the bank within 2 business days after it's missing. What is your maximum liability?

A. No liability

B. $50 

C. $500

Home loans sometimes come with points. A point is one percent of:

A. The interest rate

B. The loan amount 

C. The selling price

The Federal Trade Commission writes about how your credit rating affects the price of credit.

Also, check your credit rating for free at annualcreditreport.com.

See the answers on the next page.

You and your spouse have a joint credit card account. Which of these is correct?

A. Only the primary account holder is responsible for debt

B. Each holder is responsible for only the charges they made

C. Each holder is responsible for all of the charges   

You've lost your debit card and notify the bank within 2 business days after it's missing. What is your maximum liability?

A. No liability

B. $50 

C. $500

Home loans sometimes come with points. A point is one percent of:

A. The interest rate

B. The loan amount 

C. The selling price

 

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