Debt Quizzes Online & Trivia

A comprehensive database of debt quizzes online, test your knowledge with debt quiz questions. Our online debt trivia quizzes can be adapted to suit your requirements for taking some of the top debt quizzes.

Debt Questions and Answers

When you go clothes shopping you...

Buy several items of clothing even if you don't need them

Buy one or two items that you need and they look good

Only buy what you need

Look at the price before deciding to try something on

Constantly buy items based of what they look like not what they cost

Debt question from

Debt - Real life scenarios

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Your source of income is...

Your parents

Your full-time job

Your part time job

Your friends

Finding money in random places

Debt question from

Debt - Real life scenarios

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Which of these sentences describes you the best

You have more cushions then you can count

You own more then 3 pieces of technology

You only own necessities

You have all the latest products

You have a lifetime supply of makeup

Debt question from

Debt - Real life scenarios

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How confident are you that you could find the money to pay for a financial emergency that costs about $1000?

No confidence

Some confidence

Moderate confidence

Better than average confidence

High confidence

Debt question from

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How often does this happen to you? You want to go out to eat, go to a movie or do something else and don't go because you can't afford to?

All the time

Often

Sometimes

Rarely

Never

Debt question from

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How frequently do you find yourself just getting by financially and living paycheck to paycheck?

All the time

Frequently

Sometimes

Rarely

Never

Debt question from

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Doubtful debts are closely related to which accounting concept or principle?

Historical cost

Conservatism

Materiality

Going concern

Debt question from

Doubtful Debts - 5min PopQuiz

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Doubtful debts are the actual losses that the business has incurred from the uncollected money of customer accounts.

True

False

Debt question from

Doubtful Debts - 5min PopQuiz

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Which of the following are generally acceptable ways of estimating doubtful debts for an accounting period?

as a % of total accounts receivable

as a % of total sales made on account

as a % of total creditors

as a fixed amount based on previous periods

Debt question from

Doubtful Debts - 5min PopQuiz

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How can you as a consumer tell a 3rd party collector to stop calling and they must stop?

Demand the collector stop calling you and then hang up

Tell collector they have a wrong number and hang up

Send them a stop notice in writing to inform them to stop calling

Do your best John Wayne impression to throw them off the call

All of the above

Debt question from

You Vs Debt Collectors - DIY$$

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What type of collector can demand payment after consumer defaults on a loan or debt?

First Party - The business that billed consumer

Third Party - The service/agency that the business hired to collect for them.

Attorney

All of the above

Debt question from

You Vs Debt Collectors - DIY$$

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Anyone can talk to a 3rd Party Collector about debts of someone they are related to if

Have POA (Pwer Of Attorney) to communicate on their behalf

If the consumer which the collector is trying to reach authorizes them

The person isn't home who collector is trying to reach

Both A and B

Debt question from

You Vs Debt Collectors - DIY$$

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Recently Updated

You Vs Debt Collectors - Diy$$

This quiz comes to you from a former debt collector to inform you, the consumer, of your rights when receiving calls from collection agencies, particularly 3rd party collections. We were hired to pursue collecting actions, now...

Questions: 15 | Attempts: 39

Sample Question
How can you as a consumer tell a 3rd party collector to stop calling and they must stop?

Demand the collector stop calling you and then hang up

Tell collector they have a wrong number and hang up

Send them a stop notice in writing to inform them to stop calling

Do your best John Wayne impression to throw them off the call

All of the above

How Much Do You Really Know About The Debt Ceiling?

The debt ceiling. Everyone is talking about it, but not everyone knows what it's all about. Do you?

Questions: 9 | Attempts: 195

Sample Question
What is the debt ceiling?

The amount the federal government is allowed to owe at any given time.

The amount the federal government is allowed to borrow in a given year.

The amount the federal government is allowed to spend in a given year.

The amount the federal government is allowed to lend in a given year.

Debt Quizzes Online & Trivia

Debt Questions and Answers

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