Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Debt

Total questions: 16

Worksheet time: 8mins

Name
Class
Date
1.

Everything that's said on TV and by the media is true.

a)

True

b)

False

2.

College students receive an average of four phone calls and five mailings each month encouraging them to:

a)

Get a job

b)

Go to graduate school

c)

Apply for credit cards

d)

Open a bank account

3.

If you spread a myth long enough, what happens?

a)

Nothing; it is still a myth

b)

It becomes accepted as the truth

c)

It depends on where the myth is spread

d)

Nothing; myths aren't spread

4.

Debt is a wise financial choice because of the rewards you get back.

a)

True

b)

False

5.

You get a new way of doing things from

a)

Making the same mistakes over and over again

b)

Learning

c)

Someone else always telling you what to do

d)

Ignoring

6.

Debt has been marketed to us for so long, most people struggle to imagine life without it.

a)

True

b)

False

7.

You have to build credit to survive.

a)

True

b)

False

8.

What myth do students believe about debt in college?

a)

That they can buy whatever they want while in college and can pay for it later.

b)

That they shouldn't buy anything in college and save all their money.

c)

That debt doesn't count before they turn 21.

d)

You can only collect debt from things like credit cards.

9.

It's always better to just give family money rather than expect it back.

a)

True

b)

False

10.

What percentage of millionaires started with nothing?

a)

0%

b)

80%

c)

10%

d)

25%

11.

If you're poor and you do rich people stuff, like saving and budgeting, you'll:

a)

End up rich

b)

Stay poor for the rest of your life

c)

Bounce back and forth between wealthy and broke

d)

Do nothing

12.

It is a myth that car payments are a way of life and you'll always have them.

a)

True

b)

False

13.

The most expensive way to finance and operate a vehicle is:

a)

A car lease

b)

Paying cash for a car

c)

Taking out a car loan

d)

Borrowing the car from a friend

14.

Never take out more than a ______________ fixed-rate mortgage.

a)

15-year

b)

30-year

c)

5-year

d)

10-year

15.

You can do everything with a debit card that you can do with a credit card except:

a)

Rent a car

b)

Buy a car

c)

Go into debt

d)

Buy stuff on Amazon

16.

When you pay cash rather than swiping a card, you spend _______________.

a)

12-18% more

b)

12-18% less

c)

6-9% more

d)

7-11% less