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H&R Block Budget Challenge QUIZ 2025 Questions and Answers Select the most likely consequence of making payments late to a card that has an introductory rate - --Answer --Fees and paying the default interest rate on the balance Zach is an authorized user on his parents' credit card. What may happen if Zach doesn't use the card in a responsible way? - --Answer --Zach and Zach's parents' credit may be damaged If the typical balance on Lucy's credit card is is $650 and the interest rate (APR) on her credit card is 18%, how much in interest would you expect Lucy to be changed in a typical month? - --Answer --About $9.75 Suppose you have two credit cards. The first has a balance of $410 and a credit limit of $1,000. The second has a balance of $510 and a credit limit of $1,000. What is your overall credit utilization? - --Answer --46% Jerry lost her credit card and instead of reporting it right away, she decides to continue looking for it for a couple of days. On the second day, she makes the call ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1