WorksheetsDECA Meeting Personal Finance Activity
Total questions: 14
Worksheet time: 5mins
Interest means...
"Too much money being borrowed"
"A fee paid for the use of someone else's money"
"used to buy something now and pay it for later"
"What is the difference between a debit card and a credit card?"
"A debit card takes money immediately from a bank account. With a credit card you pay later. (plus interest)"
"A credit card takes money immediately from a bank account. With a debit card you pay later."
"A credit card takes money immediately from your savings fund. With a debit card you are charged interest."
"A debit card takes money immediately from your savings fund. With a debit card you are charged interest. (plus interest)"
What is a credit score?
a three-digit score that tells lenders how much money you make each year.
A five-digit numerical rating that reflects how likely you are to repay your debt.
A three-digit numerical rating that reflects how likely you are to repay your debt.
A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts
Student loans can be subsidized (by the government) or unsubsidized, and cannot be discharged with bankruptcy.
true
false
In order to best control spending you should keep track of monthly expenses by preparing a.....?
Budget
Deficit
Debt Plan
Roth IRA
