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Household Debt Quiz

Authored by Jide Babatope

Business

2nd Grade

30 Questions

Used 3+ times

Household Debt Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a personal loan?

A form of household debt

A type of income

A gift from a friend

A savings plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the balance on credit cards considered as?

Household debt

Savings

Income

Investment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does household debt benefit besides individuals?

Families

Animals

Plants

Machines

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does having a high level of debt among households indicate?

Financial development

Financial trouble

Economic crisis

Economic decline

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can interest rates be applied to?

Loans, mortgages, credit cards, and savings accounts

Only savings accounts

Only credit cards

Only loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main topic of the text?

Interest Rates

Cooking Recipes

Historical Events

Weather Patterns

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of an underlying index for Variable APR?

The prime rate

The temperature

The time of day

The color of the sky

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