Credit Type Cost-Benefit Analysis Ability
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Credit Type Cost-Benefit Analysis Ability
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Question 1 of 16
1. Question
Are you aware of the different consumer credit options when you need to borrow?
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Question 2 of 16
2. Question
Do you compare the cost of borrowing for different consumers credit options?
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Question 3 of 16
3. Question
Do you consider the impact of borrowing cost when you are applying for or using a credit card (such as grace periods, methods of interest calculation and fees)?
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Question 4 of 16
4. Question
Could you categorize the types of information needed when applying for credit?
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Question 5 of 16
5. Question
Do you try avoid to carry a credit card balance at a non-promotional rate?
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Question 6 of 16
6. Question
Do you always pay in full instead of making minimum payment on loan or credit card balances?
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Question 7 of 16
7. Question
Have you compared the total cost of reducing a credit card balance to zero with minimum versus above-minimum payments, all other terms being equal and no further purchases being made?
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Question 8 of 16
8. Question
Are you always on time on making credit card payments?
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Question 9 of 16
9. Question
Do you research for the most cost-effective options when paying for a large ticket item, such as a car?
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Question 10 of 16
10. Question
When paying for post-secondary education, do you compare various types of student loans and alternatives?
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Question 11 of 16
11. Question
Are you always on time in paying student loans?
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Question 12 of 16
12. Question
Do you know the potential consequences of deferred payment of student loans?
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Question 13 of 16
13. Question
Do you know the difference between adjustable-rate and fixed-rate mortgages?
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Question 14 of 16
14. Question
Could you explain the effect of debt on a person’s net worth?
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Question 15 of 16
15. Question
Is your net worth positive?
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Question 16 of 16
16. Question
Do you know how to use a debt as leverage in business?
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