Debt Snowball
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Medium
Heidi Lenon
Used 15+ times
FREE Resource
Enhance your content in a minute
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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