Personal Finance - 4.1 Beware of Credit and Debt

Personal Finance - 4.1 Beware of Credit and Debt

9th - 12th Grade

12 Qs

quiz-placeholder

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Personal Finance - 4.1 Beware of Credit and Debt

Personal Finance - 4.1 Beware of Credit and Debt

Assessment

Quiz

Mathematics, Life Skills

9th - 12th Grade

Medium

Created by

Dawn Hester

Used 9+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money owed to another person or company...

debt

credit

collateral

equity

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

"I'd rather go to bed _____ than rise in debt."

Benjamin Franklin

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There were credit cards prior to 1958...

true

false

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is okay to co-sign for close and reliable friends

true

false

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People under the age of 18 cannot legally get their own credit card...

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What year did Sallie Mae introduce student loans?

1972

1958

1970

1971

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Good debt is okay because it will help you get a good paying career...

true

false

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