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Worksheets"Debt" BrainPop Quizizz
Total questions: 9
Worksheet time: 5mins
You borrow $50 at 10 percent yearly interest. How much do you have to pay back the lender after one year?
$50
$55
$60
$75
Adit is $200 in debt to Will. In other words:
Will borrowed $200 from Adit
Will owes $200 to Adit
Adit just paid Will $200
Adit owes Will $200
Which of the following would most likely be found in your credit history?
The amount of money you have in the bank
Your annual income from your job
The number of credit cards you currently owe money on
Dylan borrowed money from Grayson and defaulted on the loan. That means:
Dylan told Grayson that he would not pay him back
Dylan paid Grayson back in small monthly increments
Dylan doubled the money he borrowed to pay back Grayson
You take out a student loan to pay for law school. What's the most likely point at which the loan will be fully paid off?
Immediately after graduation
One year after graduation
After you have practiced law for a number of years
After you retire at age 65
What slogan might a credit card company use to get you to use its services?
"Buy Now, Pay Later"
"We offer the highest interest rate in the country"
"Our card doesn't work anywhere!"
"Save Now, Buy Later"
True or False: Credit card companies offer young people their first credit cards because they are low risk and have high credit scores
True
False
If you buy a U.S. savings bond:
the Government is borrowing money from you
You are borrowing money from the government
The national debt will ultimately have to be repaid by:
The President of the United States
Banks and Credit Card Lenders
Taxpayers
