Personal Finance - CH04: Open Qs
Authored by Ramsey Seweingyawma
Mathematics
9th - 12th Grade
Used 5+ times
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7 questions
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1.
OPEN ENDED QUESTION
5 mins • 10 pts
Explain why debt and credit are a bad idea. How could they negatively affect your life?
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2.
OPEN ENDED QUESTION
5 mins • 10 pts
What is the danger of putting up collateral for a loan?
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3.
OPEN ENDED QUESTION
5 mins • 10 pts
Explain why the importance of a good credit score is a myth.
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4.
OPEN ENDED QUESTION
5 mins • 10 pts
List three ways the credit card industry makes money off of customers.
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5.
OPEN ENDED QUESTION
5 mins • 10 pts
What is the difference between an appreciating asset and a depreciating asset? Give examples of both.
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6.
OPEN ENDED QUESTION
5 mins • 10 pts
Describe marketing tactics that the credit industry uses to trick people into getting into debt.
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7.
OPEN ENDED QUESTION
5 mins • 10 pts
Explain the Debt Snowball Method. How can it help you get out of debt?
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