Debt Snowball

Debt Snowball

9th - 12th Grade

24 Qs

quiz-placeholder

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Debt Snowball

Debt Snowball

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Heidi Lenon

Used 15+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Dave's words, a borrower is a(n) _______ to the lender.

asset

slave

benefactor

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A card used to make purchases directly from your checking account.

credit card

social security card

debit card

green card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which debt should you pay off first?

one with the highest interest rate

one with the highest balance

one with the smallest interest rate

one with the smallest balance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would Dave recommend?

co-signing a loan

using Check Into Cash businesses

consolidating debt

none of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You'd make Dave happy if you did which of the following?

kept only one credit card for emergencies

never made a car payment (because the car is already paid for)

frequented a title pawn store

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A long-term rental agreement is often called

paradigm

mortgage

lease

none of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a reason credit card companies target students?

they have lots of money

they will likely keep their first credit card for life

they will likely rack up balances

they will likely make minimum payments

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