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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
30 terms
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#math #financialliteracy #money
Flashcards
30 cards
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Questions
30
Answers
1
22. During the Greta Depression millions lost their jobs, life savings, and banks failed.
False
True
2
18. the Ancient Roman word "salarium" is how we got what word in the English language?
salary
salsa
annual
salad
3
25. What are the two types of government spending?
mandatory and discretionary
mandatory and restrictive
mandatory and military
mandatory and feduciary
4
10. Which corporation that insures bank deposits?
FICA
U.S. Federal Reserve
U.S. Mint
FDIC
5
1. If you store money instead of spend it, its value will…
none of the above
decrease
stay the same
increase
6
12. How do banks make a profit?
lending money
customer fees
opening accounts for customers
storing money
7
9. Goldsmiths were the first _________.
stockbrokers
pirates
loan officers
banks
8
13. One of the U.S. larger stock exchanges is the __________.
NYSE
NASDAQ
USSE
DOW
9
4. Coins and paper bills used as money.
barter
inflation
money
currency
10
20. What used to be very valuable in ancient times to pay soldiers with?
salt
sugar
pepper
money
11
19. What government system controls the amount of money in circulation?
IRS
U.S. Mint
FDIC
U.S. Federal Reserve
12
3. A fast, general increase in prices is called what?
money
inflation
barter
currency
13
27. TANF os an entitlement program.
True
False
14
6. Money must be what four things to be considered valuable?
portable, durable, divisible, and wearable
portable, durable, divisible, and limited in availability
portable, durable, divisible, and unlimited in availability
portable, durable, divisible, and addible
15
28. What can a government do t slow down the economy?
raise taxes
spend less
lower taxes
spend more
16
15. A stock is the same thing as an _____________.
entity
credit card
equity
asset
17
21. If the GDP falls for at least six months in a row, the country is in...
surplus
depression
stabilization
recession
18
11. A loan does what when a borrower does not pay the bank back?
defaults
defects
declines
decreases
19
29. Who can predict what is going to happen in the economy?
President
stockbrokers
nobody
Vice President
20
26. A program for people who meet certain requirements is called a...
entitlement program
mandatory program
legal program
financial program
21
7. What are the two types of bank accounts?
saving
checking
loaning
spending
22
2. A measure or store of value, or a medium of exchange.
inflation
money
barter
currency
23
The IRS is the acronym for...
International Refusal Service
Internal Religion Seekers
Internal Revenue Service
International Regrowth Service
24
16. A a person who specializes in trading stocks is a what?
stockbroker
banker
bondsman
loan officer
25
14. Buying stock is...
risky
not smart
none of the above
smart
26
8. After every transaction you should get a ____________.
pay stub
check
receipt
ticket
27
30. When does the government spend lots of money?
peace time
war time
election time
always
28
17. A bear market is when what happens?
when the stock market does nothing.
when the stock market falls steadily.
when the stock market rises steadily.
when the stock market crashes.
29
24. If you have income and earn money you will be taxed.
True
False
30
5. The exchange of one set of goods or services.
inflation
money
currency
barter
