Credit/Debt Review

Credit/Debt Review

4th Grade

15 Qs

quiz-placeholder

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Credit/Debt Review

Credit/Debt Review

Assessment

Quiz

Social Studies

4th Grade

Practice Problem

Medium

Created by

Kristie ES]

Used 4+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Physical items a consumer can purchase and own

goods

services

consumer

producer

debt

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The additional money you must pay in order to borrow the money you need

goods

services

consumer

interest

debt

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supplying utilities, skills, or resources to meet the needs of a consumer

goods

services

consumer

interest

debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or business that buys goods or uses services

goods

services

consumer

interest

debt

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount of money owed or due

goods

services

consumer

interest

debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person or business that creates or provides goods and/or services

goods

services

consumer

producer

debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most responsible way to pay for goods and services?

Pay for all goods and services with money you have in the bank or in cash if possible. Use credit when necessary for expensive items.

The best option is to always use a credit card.

Work until you can afford to pay cash for all goods and services you need including expensive purchases.

Borrow money from friends and family with promises to pay them back.

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