
BLACK FRIDAY SPENDING
Flashcard
•
Financial Education
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
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11 questions
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1.
FLASHCARD QUESTION
Front
What percent of consumers have debt from last holiday season?
Back
47%
2.
FLASHCARD QUESTION
Front
What percent of consumers who used cards in 2023 haven't paid off their balances?
Back
28%
3.
FLASHCARD QUESTION
Front
1/3 of consumers have $5,000 or more in debt. If there are 300 people in a room, how many are in debt of at least $5,000?
Back
100
4.
FLASHCARD QUESTION
Front
What percent of cardholders carry debt month to month?
Back
50%
5.
FLASHCARD QUESTION
Front
What is the average credit card interest rate?
Back
20.42%
6.
FLASHCARD QUESTION
Front
What is the average interest rate for a store credit card? (Retail Credit Card)
Back
30.45%
7.
FLASHCARD QUESTION
Front
What fraction of shoppers acknowledge they spend too much?
Back
2/3
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