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QUIZ008 How much do you know about credit?
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QUIZ008.docx
Description
This quiz is designed to test your knowledge of credit and credit management. It covers a variety of topics, including credit cards, buy-now-pay-later, loans, and more. Whether you're a seasoned pro or just starting to learn about credit, this quiz is a great way to test your understanding and see where you may need to brush up on your knowledge.
Introduction
According to Finder.com, there are currently more than 13 million credit cards in Australia with an average balance of around $3,000.
In a population of just over 26 million, chances are, you have at least one credit card – 68% of us do!
Through buy-now-pay-later (BNPL) schemes, pay-day loans, car finance and personal loans, credit comes in many forms. Used wisely, it is a very convenient way of transacting. Used unwisely, it can get you into all kinds of strife.
Given that most people regularly use borrowed money, how much do you really know about credit? Take our quiz to find out.
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