Credit Cards and Debt #1

Credit Cards and Debt #1

11th - 12th Grade

6 Qs

quiz-placeholder

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Credit Cards and Debt #1

Credit Cards and Debt #1

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Mrs. Alfieri

Used 9+ times

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6 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the average number of credit cards that people have?

2.

MULTIPLE SELECT QUESTION

45 sec • 3 pts

Why are credit cards being used more often than in the past? SELECT ALL THAT APPLY

convience

safer to carry

easier to carry than cash

allow people to buy things they coulnd't normally afford

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can credit cards do to your financial health?

they can give you opportunities to over-spend

they can put your finances in danger

they can help your finances by allowing easier purchases

they give your finances security because cash is easier to steal

4.

MULTIPLE SELECT QUESTION

45 sec • 2 pts

Shortly after you open a credit card account, what often occurs? SELECT ALL THAT APPLY

you start getting more credit card offers in the mail

your credit score goes up because you have documentation of spending/repayment

you are more likely to open more accounts which leads to more purchases

your credit score goes down because you have too many credit cards open

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Before you know it, what could easily happen with credit cards? (3 words--it snowballs into this) *spelling counts

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the average family's amount of credit card debt?