Everfi Module 5 Credit and Debt

Everfi Module 5 Credit and Debt 1.using a loan could help with the purchase of which of the following?a)a new telivision b)a dream wedding c)a house d)airline tickets to your dream vacation>>>> c) a house 2.When are loans a good option to use?a)To pay for airline tickets to your dream vacation b)When paying for higher education c)To buy that new television d)For a dream wedding>>>> b) When paying for higher education 3.What should you NOT use a loan to purchase?a)A house b)Tuition for higher education c)Airline tickets to your dream vacation d)A car>>>> c) Airline tickets to your dream vacation 4.Which item is important to consider when selecting a credit card?a)Annual Percentage Rate (APR) 1 / 2

b)Fees c)The look of the credit card d)Both APR and fees>>>> d) Both APR and fees 5.Which of these items is NOT important to consider when selecting a credit card?a)Annual Percentage Rate (APR) b)The look of the credit card c)Credit limit d)Penalties and Fees>>>> b) The look of the credit card 6.Annual Percentage Rate (APR), credit limit, and penalties and fees are important to consider when .a)Choosing a financial advisor b)Choosing a credit card c)Looking at your credit score d)Selecting a financial institution>>>> b) Choosing a credit card 7.What is NOT a benefit of having a good credit score?a)When you need a loan, you'll have more loan offers to pick from.b)You'll get better interest rates on your loans.c)It will be easier to get an apartment.