Most homes now measure their broadband speeds in megabits per second. A gigabit is 1,000 megabits. Cable and other Internet providers are adding faster and faster digital connections as customers demand more streaming video, complex digital games and other services that require more bandwidth.
The minimum payment for a credit card is the greater amount between $10 or 2% of the balance. If you charge $2000 and have no interest, your minimum payment for the first month would be about $40. Of course month after month your minimum payment will go down (assuming you don't charge anything other than the $2000).
This is the end of the preview. Sign up to access the rest of the document. Unformatted text preview: Chapter 06 Credit Bureau Reports and Identity Theft Multiple Choice Questions 1. You spend $1,000 on your credit card and the minimum payment is $10 a month. If you pay double the minimum payment, what will happen? A. You will pay the debt off more quickly B. You will end up in perma-debt C. You will eventually pay off the debt D. None of these 2. When paying off a credit card, it is best to A. Make only the minimum payments B. Pay it off in full C. Pay it off in four big installments D. Pay it off in two installments 3.