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Introduction to Financial Literacy Flashcards | StudBud
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Introduction to Financial Literacy
Introduction to Financial Literacy
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Flashcards
15 cards
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Questions
15
Answers
1
If you earn $50 from chores, you save $20 in your account, and spend $5 on slurpees, how much do you have left?
$50
$45
$$25
$30
2
It is easier to make money than to spend money.
False
True
3
According to Albert Einstein, the 8th wonder of the world is:
Compound Interest
The Burj Al Rab of Dubai
The Great Wall of China
Hanging Gardens of Babylon
4
Your biggest assest is your mindset.
False
True
5
If you earn $20 each time you shovel a driveway, and you do this 5 times in a week, how would you earn in that week?
$80
$100
$40
S60
6
What is a budget?
A list of your clothes and shoes
The cost of an item
A plan that helps you manage your money
A list of friends
7
Financial literacy is important to youths and teens.
False
True
8
Minimum wage in Alberta is:
$18
$15
$14
$13
9
One of these is NOT a reason for wealth creation:
To win the lottery
Financial peace and freedom
Time availability
More opportunities and options
10
Next door millionaires include:
Employees
All of the above
Business Owners
Investors
11
Most wealthy people inherited their money.
True
False
12
Wealth creation is based on luck.
True
False
13
What is the World Bank's definition of poverty?
Living above $5 a day
Living below $1 per day
Living below $5 per day
Living above $1 per day
14
You do not need to be extremely smart to be a millionaire.
False
True
15
Who is the Premier of Alberta?
Justin Trudeau
Danielle Smith
Jason Kenney
Kaycee Madu
