Question: Debt is a wise financial choice because of the rewards you get back.

Answer: False

Question: College students receive an average of four phone calls and five mailings each month encouraging them to:

Answer: Apply for credit cards

Question: Everything that’s said on TV and by the media is true.

Answer: False

Question: If you spread a myth long enough, what happens?

Answer: It becomes accepted as the truth

Question: You get a new way of doing things from

Answer: Learning

Question: The 1910 Sears Catalog said, “Buying on credit is the best thing you can do.”

Answer: False

Question: The birth of the credit card occurred around what year?

Answer: 1950

Question: Debt has been marketed to us for so long, most people struggle to imagine life without it.

Answer: True

Question: There may be occasional reasons to go into debt, like real emergencies.

Answer: False

Question: You have to build credit to survive.

Answer: False