👋 Hi there!

Please take a few minutes to answer the following questions. This is not a test and you won't receive a grade.
The goal is to help you see where you are now and understand what you already know before and after this course.
Your answers will help guide your learning and see your progress!.

1. What is borrowing?

Receiving money that does not need to be returnedUsing your savingsReceiving money that must be repaid, often with additional costSharing money with others

2. Which situation is the most appropriate reason to borrow?

Buying non-essential items on impulseCovering a temporary shortfall with a clear repayment planFollowing friends’ spending behaviourTaking advantage of an easy loan offer

3. What is a key difference between formal and informal lenders?

Informal lenders never charge interestFormal lenders operate under regulationInformal lenders require paperworkFormal lenders are always faster

4. Which factor is most important before taking a loan?

Loan speedLoan popularityYour ability to repayThe lender’s advertisement

5. What is a common risk of digital borrowing?

Long application processesLimited availabilityMaking quick, unplanned decisionsHigh travel costs

6. What does a higher loan limit mean?

You should borrow moreYou can always repay easilyThe lender is offering more, but you must still assess affordabilityThe loan has no risk

7. Which is a warning sign of a risky lender?

Clear repayment schedulePressure to act immediatelyTransparent feesWritten agreement

8. Why is digital security important in borrowing?

To speed up applicationsTo protect personal and financial informationTo increase loan amountsTo avoid reading terms

9. Which action helps avoid debt problems?

Planning repayments before borrowingTaking new loans to repay old onesIgnoring repayment deadlinesBorrowing frequently

10. When is it best to avoid borrowing completely?

When the loan is smallWhen others are borrowingWhen the process is fastWhen repayment is uncertain