Credit Wisdom Quiz

The average American has _______ credit cards per

household.

• 4

• 12

• 5

What has the largest negative impact on your credit?

• opening up a lot of cards

• how much you have on your card

• not paying on time

The number of Americans put away money for savings is in the negative. This has not happened since the ______________ ______________.

• Great War

• Great Depression

• WW II

They recommend that you put away ______% of your

monthly gross income.

• 10

• 20

• 40

The rate of people declaring bankruptcy is _____X

since the Great Depression.

• 10

• 20

• 30

The 3

C’s of credit are ______________,_______________ and ___________________.

• capital, character, capacity

• character, charisma, courage

• capital, character, chapters

After graduating high school, _________% go off to

work.

• 10

• 40

• 60

After graduating high school, _________% go off for further education.

• 10

• 40

• 60

__________ of adults pay off their credit bill every month.

• 2/3

• 1/3

• 1/2

___________ of adults carry a balance on their credit bill every month.

• 1/3

• 2/3

• 1/2