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FinCap Friday: Frightening Financial Figures Flashcards | StudBud
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FinCap Friday: Frightening Financial Figures
FinCap Friday: Frightening Financial Figures
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Answers
1
True or False? About 1 out of every 6 consumers pays over $1,000 per month for their car payment.
True
False
2
In 2024, credit card debt in America hit a record high amount of _________.
$1114 million
$1.14 million
$1.14 trillion
$1.14 billion
3
What is the average amount of credit card debt per household in America?
$8,689
$6,896
$18,469
$28,896
4
What is a tip experts recommend for young people in order to prevent an unhealthy amount of debt?
Negotiate your monthly bills
Get a job as early as possible
Go with the first deal for a loan when you need one
Only spend money on needs and never buy things just because you want them
5
What is "The Halloween Effect" as it relates to the stock market?
A tendency for stocks to perform poorly on Halloween day
An increase in sales for Halloween-related companies
When investors lose money on Halloween
A phenomenon where stock returns are typically higher from Nov to April
