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Homework 5 - Debt

Total questions: 12

Worksheet time: 12mins

Name
Class
Date
1.

Which of these is a reason people can end up getting into debt?

a)

Being made redundant from their job

b)

The price of potatoes going down

c)

Budgeting effectively

d)

Getting a new job

2.

Which of these is an accurate description of debt?

a)

Debt is an amount of money borrowed

b)

Debt is the amount of money you have

c)

Debt is the amount of tax you pay

d)

Debt is the name of the new Taylor Swift song

3.

Which of these could cause someone to go into debt?

a)

Falling ill

b)

Having a new baby

c)

A relationship breaking up (or a divorce)

d)

Having an accident

e)

All of these

4.

Which of these is a consequence of not being able to pay your bills?

a)

Electricity being switched off

b)

Possessions being taken

c)

You have to sell treasured items

d)

All of these

5.

Which of these can help people avoid getting into debt?

a)

Changing job often

b)

Borrowing more money

c)

Increasing your expenditure

d)

Budgeting effectively

6.

Which of these is a potential result of being in debt?

a)

Stress & Strained relationships

b)

New job opportunities

c)

Joy

d)

Holidays

7.

Which number should replace A

a)

40.00

b)

50.00

c)

20.00

d)

30.00

e)

0.00

8.

Which number should replace B?

a)

40.00

b)

50.00

c)

20.00

d)

30.00

e)

0.00

9.

Inflow or outflow: Staff Wages

a)

Inflow

b)

Outflow

10.

Inflow or outflow: Sales

a)

Inflow

b)

Outflow

11.

Inflow or outflow: Electricity

a)

Inflow

b)

Outflow

12.

Inflow or outflow: Rent

a)

Inflow

b)

Outflow