Ramsey Classroom Chapter 4, Lesson 1
Authored by Gary Freilino
Mathematics
9th - 12th Grade
CCSS covered
Used 11+ times
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About
This quiz focuses on personal financial literacy, specifically targeting debt awareness and credit education fundamentals. The content is designed for high school students in grades 9-12, addressing critical concepts about debt, credit cards, and financial marketing tactics that young adults encounter. Students need to understand basic financial vocabulary including debt, credit, and interest rates, while developing critical thinking skills to analyze the true costs of borrowing money. The questions require students to recognize predatory lending practices, calculate percentage returns on cash-back offers, understand how minimum payments primarily cover interest rather than principal, and comprehend the business model behind credit card companies. This material builds essential financial reasoning skills that prepare students to make informed decisions about borrowing and spending as they transition to financial independence. Created by Gary Freilino, a Mathematics teacher in the US who teaches grades 9-12. This quiz serves as an excellent tool for introducing students to the realities of consumer debt and credit card marketing before they become targets of financial institutions. Teachers can use this assessment as a warm-up activity to gauge students' existing knowledge about credit and debt, or as a review tool following lessons on personal finance fundamentals. The quiz works effectively as homework to reinforce classroom discussions about financial literacy, or as a formative assessment to identify areas where students need additional support in understanding credit terms and debt consequences. This content directly supports standards such as CCSS.MATH.CONTENT.HSA.CED.A.3 for representing constraints in financial contexts and various state personal finance standards that require students to analyze credit offers and understand the long-term implications of borrowing decisions.
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Main idea: You might think debt is normal and the only way to have everything you want. But the reality is,
debt makes businesses a lot of money, and you're stuck with the bill
everybody has debt so what's wrong with it?
debt is debt.
you have to borrow money all the time.
Tags
CCSS.RI. 9-10.2
CCSS.RI.11-12.2
CCSS.RL.11-12.2
CCSS.RL.9-10.2
CCSS.RI.8.2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You know what those ads don't show?
People having a good time.
People making payments for months and years for all that stuff.
Young people, good times and insurance!
Out of work farmers.
Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is debt?
Saving money
buying property and houses
Spongebob Squarepants' house
money owed to another person or company
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.6.5
CCSS.RI.7.5
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Credit is a big business that...
makes lots of money for credit card companies, banks and other vendors.
saves people money all the time.
looks out for the poor people.
fixes problems right away.
Tags
CCSS.RI. 9-10.2
CCSS.RI.11-12.2
CCSS.RL.11-12.2
CCSS.RL.9-10.2
CCSS.RL.8.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a lender offers you credit...they're offering you...
the power to influence people.
the opportunity to borrow their money.
the chance to win a vacation!
the ability to write a novel.
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.6.5
CCSS.RI.7.5
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Once you turn 18 years old, you become...
a target of credit card companies.
a complete adult.
a book keeper.
a government official.
Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your low- or zero-interest time period is _______, that's what "introductory rate" means.
long-lived
for the life of the loan
atypical
temporary
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.11-12.3
CCSS.RI.9-10.3
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