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Financial Literacy: the basics Flashcards | StudBud

Explore/Financial Literacy: the basics

How much should you have saved in your "emergency fund?"

what is an APR on a credit card?

Financial Literacy: the basics

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Questions 9

Answers

1
what is an APR on a credit card?
Annual percentage rate?
Annual piece report
Another person's report
Annual peer review
2
How much should you have saved in your "emergency fund?"
3-6 months of expenses
1-2 years of expenses
1-2 months of expenses
3
How can you access the money in your checking account?
Using your debit card
asking your parents
Using your credit card
writing a check
4
What is a benefit of having a good credit score?
you look better if you apply for an apartment
you will get a raise at your job
people will like you more
you can get the best rates on loans
5
What are ETFs?
end truck funds
exchange traded funds
exchange type funds
extra tough funds
6
What are 3 three practices included in financial literacy?
getting a job, going to college, getting married
creating a budget, tracking spending, saving for retirement
buying cars, houses, and boats
none of these
7
What is one thing a savings account is good for?
Writing checks from
paying your monthly bills
Storing an "emergency fund" for in case of an emergency
Saving for long term goals
8
choose the best answer: what are stocks?
wooden sculptures
savings accounts at a bank
delicious cupcakes
small "pieces of ownership" in a company that you can buy
9
What can having financial literacy help you do?
help you save for retirement
give you better grades
Avoid going into debt
Help you get the best, shiniest hair