Free Exam: Credit and Debt Test
Number of Questions in Test: 23
Number of Questions in Preview: 5
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Which [u][b][/u]TWO[/b] of the following statements demonstrate a healthy attitude towards credit,debt and personal finance?
| Type: | Multiple response |
| Points: | 2 |
| Randomize answers: | No |
Question 2
"Retail therapy" can often be compared to a drug or alcohol addiction.
| Type: | True/False |
| Points: | 1 |
Question 3
In their "No payments til 2011!" campaign, a furniture store advertises a couch for $950. The bill arrives in the mail in January for $1090. What is the interest cost of this deal?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |
Question 4
You choose to pay off your $6000 student loan with payments of $100 a month for 10 years. How much [b]interest will it cost[/b] you to do this?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |
Question 5
You are eligible for a mortgage on your house for $200,000. Which of the following down-payment and monthly payment amounts will help you pay your house off in the least time?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |