
Understanding Financial Challenges
Authored by Jodi Heaney
Life Skills
8th Grade
Used 1+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some of the primary monthly expenses mentioned in the video?
Field trips and lunch money
Luxury vacations
Designer clothes
Gourmet dining
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons Justin struggles financially despite having a good job?
He spends too much on luxury items
He lacks access to traditional banking services
He doesn't work enough hours
He invests poorly
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial strategy did Alex and Melissa adopt to avoid bank fees?
Using credit cards
Living on cash
Investing in stocks
Taking out loans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major downside of using check cashers?
They offer high interest rates
They are only open on weekends
They charge fees for cashing checks
They require a credit check
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a payday loan designed for?
Buying a new car
Investing in real estate
Long-term financial planning
Immediate financial relief until the next paycheck
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if a payday loan is not paid off by the next paycheck?
The loan is rolled over with additional fees
The borrower receives a bonus
The loan is forgiven
The borrower is arrested
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common consequence of relying on payday loans?
Increased savings
A cycle of debt
Financial independence
Improved credit score
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