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EVERFI MODULE 5 "CREDIT AND DEBT"

Authored by Stacey Kuhl

History, Social Studies, Other

10th - 12th Grade

CCSS covered

Used 5+ times

EVERFI MODULE 5 "CREDIT AND DEBT"
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is debt?

A debit card

Money that you earn

Money owed

A loan that you don't have to pay back

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit cards are a form of ____________

a loan

consumer credit

stocks

bonds

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a main credit card brand?

Macys

American Express

Visa

Discover

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

TRUE or FALSE

Mortgage loans can only be used to buy a home.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

TRUE or FALSE

Bad credit can prevent you from getting a job.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is introductory interest?

interest on all purchases for an indefinite period of time

interest only if you take a cash advance

interest for the first purchase on your new credit card

special interest rate given to customers for a limited amount of time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some fees associated with credit cards are:

late fees

over-limit fees

annual fees

all of the above

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