BLACK FRIDAY SPENDING

BLACK FRIDAY SPENDING

Assessment

Flashcard

Financial Education

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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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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