Which is an example of good debt?
Understanding Credit

Quiz
•
Life Skills
•
12th Grade
•
Medium
Jennifer Cariasini
Used 4+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financing your education
Financing trendy clothes
Financing a vacation
Financing meals
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following should not be considered a “surprise” when it comes to planning your budget?
Emergency car repairs
Gas price
Medical bills
Student loans
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these scenarios is an example of a debtor?
a child borrowing money from her parents
using a credit card to pay for something at the mall
borrowing money from a friend
all of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a disadvantage to online banking?
It makes you use your computer
It's convenient
It prevents you from having to go to the ATM to deposit money
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which FICO score would get you the lowest interest on a mortgage?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When using your credit card, what is the best way to keep your standard of living?
paying the minimum due on each credit card you own
paying off your entire credit card bill each month
paying your credit card late
paying only items you feel like paying for that you charged
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You purchase a new TV at a local electronics store and decide to pay using your credit card. You plan to pay off this debt within a year.
What is the best credit card choice from these offers?
18% interest
27% interest
0% interest for 1 year and 12% interest thereafter
3% interest
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