Financial Literacy -Credit Concerns

Financial Literacy -Credit Concerns

6th - 7th Grade

10 Qs

quiz-placeholder

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Financial Literacy -Credit Concerns

Financial Literacy -Credit Concerns

Assessment

Quiz

Life Skills

6th - 7th Grade

Medium

Created by

Domonique Lewis

Used 6+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Whether it’s credit cards, student loans, or car loans, going into debt is always a _____ idea.

Realistic

Bad

Good

Acceptable

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Save up and pay for things you want with _____ and say NO to debt.

Credit

Debt

Cash

Checks only

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debt is marketed to us just like any other product.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A person or company who loans money

Bank teller

Debt Collector

Loan

Lender

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit is a fee that a bank, credit card company, or other lender charges so that you can purchase something and pay for it over time.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It cost money to take out loans and go into debt because you get charged interest.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you know if you can afford to buy something?

If you can get a loan

If you have a credit card

If you have the cash

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