Lesson 1 sample test

1. What is the most important rule concerning your bills?
   1. Pay as many of the bills as you can afford.
   2. Pay your bills on time, with full payments.
   3. Pay your bills on time, with partial payments.
   4. Pay your bills late, in full.
      
      
2. What is credit?
   1. The amount of money you owe.
   2. The amount of money you earn.
   3. The amount of money that is available to you through lenders.
   4. The amount of money in your checking account.

9. (True or False) Predatory lenders charge consumers exorbitantly high interest rates and fees.