Finance 1

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There has been a dramatic increase in the number of car and student loans over the last 5 years.

Which of the following is not a good way to consolidate debt?

What is the primary difference between a debt advisor and a debt consolidator?

If you owe a company for a bill and you know you are going to be late, it may be a good idea to let them know ahead of time.

Consolidators who make loans to cover existing debts often charge an annual percentage rate of what?

What are the primary objectives of a debt counselor/adviser? (Select all that apply)

Financial debts are one of the primary causes of depression.

There are no educational requirements to become a debt counselor.

According to the latest information from the Federal Reserve, credit debt has exceeded what dollar amount?

The average American household has 3 auto loans averaging $23,000 each.


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