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Duplicate of Financial Literacy 1 Flashcards | StudBud

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Duplicate of Financial Literacy 1

10 terms·StudBud Administration

Financial Literacy topics for high school students

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Questions 10

Answers

1
People who do not understand the difference between _________ usually have financial problems.
taxes and insurance
needs and wants
buying and renting
food and shelter
2
One common thing of most financially successful people is that they:
worked part-time as teenagers.
always keep $500 in their pocket.
started a business early in life.
quit school before they were 18.
3
Which item below would be most likely to depreciate if you owned it?
gold
All of the Above
a car
a house
4
Which of the following is NOT an example of a scam?
Selling things on Ebay
Identity theft
Chain-mail involving money
Phishing e-mails
5
Chain mails involving money are:
usually legal and ethical.
legal if you are 21.
completely illegal.
completely legal but unethical.
6
If you use a credit card, you should:
be able to buy anything you want.
never pay the bill.
pay the full balance each month.
pay the minimum each month.
7
You will likely own over how much money before you retire?
one million dollars
one hundred thousand dollars
five billion dollars
fifty thousand dollars
8
Health insurance is:
only for those who get sick.
a must buy for your budget.
more important for women than men.
an unnecessary expense because you may not need it.
9
One major problems with credit cards is that people:
buy things that they can't afford.
lose them a lot.
forget to use them.
have to pay to use them.
10
What are the two main reasons to save money?
To pay off your credit cards and for major purchases
For emergencies and to buy everything you want
So you can invest it and donate it
For emergencies and major purchases