Soph AOF test #2
Authored by Nikalas Katranakis
Other
10th Grade
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is credit?
Credit is an agreement to receive a good or service now and then pay for it later.
Credit is a disagreement to receive a bad or service now and then pay for it now.
Credit is a way to gain credit score
Credit is a way to receive money and not paid debt (only way to get money)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the Federal Reserve, how much credit card debt does the average household have?
According to data from the Federal Reserve, the average household has nearly $3,456,743,234,323,244,434,233
in credit card debt
According to data from the Federal Reserve, the average household has nearly $6,000,000
in credit card debt
According to data from the Federal Reserve, the average household has nearly $100+
in credit card debt
According to data from the Federal Reserve, the average household has nearly $6
in credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is debt?
Debt refers to the money you have to pay the state
Debt refers to the amount that is owed as a result of paying your tax collector the money.
Debt refers to the amount that is owed as a result of borrowing.
Debt refers to the amount that is taken from a person after stealing the money.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the most common form of household stress caused by?
Aside from the financial cost of credit, there is also an emotional side. One of the the most common form of household stress is caused by a low credit score.
Aside from the financial cost of credit, there is also an emotional side. One of the the most common form of household stress is caused by a lost of a household in the first place.
Aside from the financial cost of credit, there is also an emotional side. One of the the most common form of household stress is caused by a credit card being lost since 98% of lost credit cards cannot be brought back with the money that person had before.
Aside from the financial cost of credit, there is also an emotional side. One of the the most common form of household stress is caused by debt.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the most common form of household stress caused by?
Aside from the financial cost of credit, there is also an emotional side. One of the the most common form of household stress is caused by a low credit score.
Aside from the financial cost of credit, there is also an emotional side. One of the the most common form of household stress is caused by a lost of a household in the first place.
Aside from the financial cost of credit, there is also an emotional side. One of the the most common form of household stress is caused by a credit card being lost since 98% of lost credit cards cannot be brought back with the money that person had before.
Aside from the financial cost of credit, there is also an emotional side. One of the the most common form of household stress is caused by debt.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the simplest form of debt?
A basic loan is the simplest form of debt
A basic loan is the simplest form of household stress
A basic loan is the credit score dropping way down when not paid
A basic loan is the simplest form of homelessness
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the simplest form of debt?
A basic loan is the simplest form of debt
A basic loan is the simplest form of household stress
A basic loan is the credit score dropping way down when not paid
A basic loan is the simplest form of homelessness
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