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Financial Literacy Flashcards | StudBud

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Financial Literacy

18 terms·StudBud Administration

Test your knowledge on personal finance and money management

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Questions 18

Answers

1
What is a common investment risk?
Low fees
Fixed interest rates
Market fluctuations
Guaranteed returns
2
True or false: All investments are risky.
True
False
3
True or false: Saving money is always easy.
False
True
4
Which is a sign of financial health?
Living paycheck to paycheck
Emergency fund
No savings
High debt
5
True or false: Investing is only for the rich.
False
True
6
What is a common reason for saving money?
Paying monthly bills
Buying groceries
Spending on vacations
Buying a car
7
Which is a passive income source?
Freelancing
Real estate
Consulting services
Selling products
8
What is a common way to invest money?
Saving coins
Buying stocks
Buying groceries
Paying bills
9
Which is a good reason to spend money?
Unplanned purchases
Self-improvement
Ignoring needs
Buying junk food
10
True or false: Credit cards are always bad.
True
False
11
Which is a smart spending habit?
Buying on credit
Comparing prices
Impulse buying
Ignoring discounts
12
Which is a benefit of spending money wisely?
Financial security
Higher expenses
More debt
Less savings
13
What is a common way to make money online?
Selling crafts
Watching videos
Playing games
Scrolling social media
14
What is a financial goal?
Spending freely
Living beyond means
Ignoring savings
Buying a house
15
True or false: You should always follow trends.
True
False
16
Which is a sign of overspending?
Maxed-out credit cards
Budgeting
Saving regularly
Investing wisely
17
True or false: All debt is bad.
False
True
18
What is a budget used for?
Tracking expenses
Avoiding bills
Investing in stocks
Buying luxury items