Credit and Debt

What is debt?

• Money that is spent

• Money that is owed because of borrowing

• Money that you lend to others

What is debt?

• Money that is spent

• Money that is owed because of borrowing

• Money that you lend to others

What is debt?

• Money that is spent

• Money that is owed because of borrowing

• Money that you lend to others

What is debt?

• Money that is spent

• Money that is owed because of borrowing

• Money that you lend to others

What is debt?

• Money that is spent

• Money that is owed because of borrowing

• Money that you lend to others

Credit means you ________now and ________ it back later.

• Borrow, Pay

• Pay, Borrow

• Pay, Pay

Credit Card is a type of what?

• bond

• Loan

• savings

Types of credit include: Credit card, Installments, Mortgage and

• debit card

• rewards card

• Student Loans

Select all the main credit card types

• VISA

• Mastercard

• American Express

• Disney

What is a mortgage?

• Car loan

• business loan

• Home loan