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WorksheetsFinancial Literacy -Credit Concerns
Total questions: 10
Worksheet time: 5mins
Whether it’s credit cards, student loans, or car loans, going into debt is always a _____ idea.
Realistic
Bad
Good
Acceptable
Save up and pay for things you want with _____ and say NO to debt.
Credit
Debt
Cash
Checks only
Debt is marketed to us just like any other product.
True
False
A person or company who loans money
Bank teller
Debt Collector
Loan
Lender
Credit is a fee that a bank, credit card company, or other lender charges so that you can purchase something and pay for it over time.
True
False
It cost money to take out loans and go into debt because you get charged interest.
True
False
How do you know if you can afford to buy something?
If you can get a loan
If you have a credit card
If you have the cash
Debt eats up a lot of people’s money every month.
True
False
An obligation to pay back money that is owed
Credit
Debt
Interest
Debit
The granting of a loan; the creation of debt
Interest
Debt
Credit
Debit
