Section 3: Debt Management

1: What is debt?

2: What does APR stand for?

3: Which strategy can help reduce debt faster?

4: What is a common reason to take on debt?

5: How does leveraging debt work?

6: What is a possible consequence of not repaying debt on time?

7: Which debt is generally considered “good debt”?

8: Which type of interest remains constant throughout the life of a loan?

9: How does a grace period on a credit card work?

10: Which debt repayment strategy involves combining multiple debts into a single monthly payment?