WorksheetsDangers of Debt
Total questions: 21
Worksheet time: 3hrs 16mins
Paying of debt can tie up your future earnings.
True
False
Depends
Usually, debts help you earn more money.
True
False
Depends
Managing debts requires extra record-keeping.
True
False
Depends
It's always a mistake to go into debt.
True
False
Depends
It costs money to be in debt.
True
False
Depends
Some debts are also investments.
True
False
Depends
Late payment fines add to your debt.
True
False
Depends
Being in debt means you ______ someone money.
owe
lent
stole
ate
If you ________ money, you must pay it back with interest.
borrow
burrow
budget
budgie
To avoid ______, make loan payments by the due date.
fines
phines
finances
feigns
Some debts, like home loans, are _______ for the future.
investments
invistments
entitlements
intitlements
A good credit rating shows that you are ________.
wealthy
welthy
responsible
risponsible
Lenders seldom loan money to people who prove to be poor credit _________.
rinks
employers
risks
empoyers
Which of these activities helps you get a GOOD credit rating?
paying cash for everything
missing a payment
making payments on time
Which of these activities can lead to a poor credit rating?
not paying your bills
getting a loan
paying off credit cards
If you are an "unknown credit risk," you will have to ________.
establish a credit history
forget about borrowing money
miss a few debt payments
only use cash
You buy a $250.00 TV on credit. By the time you pay it off, the interest charge is $49.50. In all how, what did the TV cost you?
(a)
Imagine you waited to buy the TV until you'd saved up enough money and earned $7.50 interest from your savings account. Add the interest you earned in savings to the $49.50 interest you avoided by not buying on credit. How much money was saved by waiting?
(a)
What did J Edgar Hoover ban people from walking on?
His shadow
Untied tennis shoes
His manicured lawn
Inside of the sidewalk
According to doctors people with what kind of pets fall asleep the easiest?
Pitbull
Parrot
Fish
Cat
By law what is it against the law to do in Minnesota with your washing line?
Mix male and female washing together
Dry laundry in the wind.
Dry sheets and clothing together
Dry laundry on your neighbors line.
