THINK TANK

WHEN PEOPLE OR BUSINESSES OWE MONEY TO SOMETHING OR SOMEONE

• IN DEBT

• CREDIT

• LOAN

• BORROWING

BORROWED MONEY FROM A BANK

• BORROWING

• LOAN

• IN DEBT

• CREDIT

THE TRUST A BANK OR CREDIT CARD COMPANY HAS IN YOU THAT YOU WILL PAY BACK WHAT YOU BORROW

• CREDIT

• BORROWING

• LOAN

• IN DEBT

TAKING SOMETHING FROM SOMEONE ELSE, WITH THE INTENTION OF RETURNING IT LATER

• LOAN

• CREDIT

• BORROWING

• IN DEBT

A responsible credit user makes monthly payments on time.

• TRUE

• FALSE

A responsible credit user does not necessarily have a stable job.

• TRUE

• FALSE

A responsible person uses credit for small purchases only.

• TRUE

• FALSE

A responsible credit user borrows money even if they are not sure they will have money

later to pay it back.

• TRUE

• FALSE

Bank loan is a type of credit.

• TRUE

• FALSE

SPENDING MONEY ON GOODS THAT WON´T HELP YOU MAKE MORE MONEY IN THE FUTURE.

• BAD DEBT

• GOOD DEBT