Chapter 2: Case Study Quiz

Read the case study below and choose the best possible answer to the following questions.

During Jennifer’s first year of college, she and her friends made a weekly trip to the mall. Most of the time they would just hang out, but Jennifer had applied for several store credit cards. It didn’t seem like a big deal. She would buy a few things each week, and the card made it really easy. Jennifer had a work-study job on campus, but with all her other bills, she was having a hard time making the card payments. At the end of the semester she was $2,000 in debt and was two months behind making the minimum payments.

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Chapter 2 Case Study, 1 of 3: How could Jennifer have avoided this situation?

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Chapter 2 Case Study, 2 of 3: Which is a possible outcome of Jennifer’s careless financial behavior?

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Chapter 2 Case Study, 3 of 3: What is one thing Jennifer can do to correct her situation?