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1.  What is the definition of Annual Percentage Rate (APR) and what are the costs included in an APR?

2.  When looking at a loan, why is it important to understand how long the loan lasts (also known as the loan term)?

3.  What examples does the reading give that show the benefits of using credit?  Which one of these do you consider the most important and why?

4.  Why is it important to pay off the entire balance of your credit card purchases within the grace period?

5.  On average, how much more do people spend when they shop with a credit card as opposed to cash?  Why do you think this is? 

6.  What are the differences between home loans (mortgages) and installment loans (car loans)?  Why do you think this is?

7.  What is the main difference between filing for bankruptcy under Chapter 7 protections as opposed to Chapter 13?  What determines which one you can use if you need to file bankruptcy?