Debt = Good/Bad Quiz

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Question 1

An increasing rate of borrowing may be seen as a positive economic indicator

because it signifies the housing market is booming.
because it means home-equity loans are on the rise.
so long as car loans and student loans are not involved.
when it is viewed as evidence of increased consumer spending.

Question 2

The measure of “consumer confidence”

is tied to the unemployment rate.
reflects consumers’ expectations about the future of the economy.
tends to go up during a recession.
was down in February but improved in March 2013.

Question 3

According to the Bloomberg.com article on home values, what grew in 2012 by the highest rate in 65 years?

real estate equity
home values
home ownership
foreclosures

Question 4

Which of the following is not something that many Americans borrow money to pay for?

home
college education
telephone service
automobile

Question 5

In the Marketplace interview, economic analyst Matt Phillips said that “subprime has been growing as a share of pie” when it comes to auto loans. What does he mean?

Consumers are purchasing more subprime cars.
More borrowers with a poor credit history are being approved for auto loans.
Lenders are tightening requirements on applicants for car loans.
A consumer can get a car loan only if she or he has an excellent credit score.

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