Maxed out Video Questions and Reflection

Maxed out Video Questions and Reflection

<p> Name ______</p><p>Maxed Out Video Questions and Reflection</p><p>Questions</p><p>1. The gentleman who is sitting at a table in Las Vegas near the start of the video says that people always want ______.</p><p>2. How many credit card offers every year are sent out by credit card companies?</p><p>3. Over the last 5 years, credit card fees have gone up by what percentage?</p><p>4. The average American family pays how much per year in interest payments?</p><p>5. According to the video, what is one of the fastest growing industries on Wall Street?</p><p>6. In the old fashioned video, what are the 3 “c’s” of credit that are listed? 7. In what year did Mr. Durst create the national debt clock?</p><p>8. On average, for every $1.00 that is collected by the credit card companies in principal, how much is collected in interest and fees?</p><p>Reflections</p><p>1. What did you learn from watching the Maxed Out video as far as the dangers and responsibilities of using credit?</p><p>2. Do you think the government should have a role in regulating both who can get credit cards and what interest and fees consumers should pay?</p><p>3. What information surprised you most from the video? 4. Explain what your plan is at this point to build your credit without getting into financial trouble.</p>

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