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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Questions
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Answers
1
Which is not a sign "That you're living beyond your means"?
Your credit score is above 600
Credit card balances are rising
Bills are out of control
Your credit score is below 600
2
FICO score percentage question. Which answer goes with 10%?
New credit and recently opened accounts
Lengths of credit history
Amounts owed
types of credit in use
3
When can you start getting scholarships?
Middle School
College
High school
Elementary School
4
What term goes with- "Over spending, spending more than you budgeted"
Fixed Expenses
Debt
Budget
Deficit
5
What term goes with- "The amount of money you make after deductions"
Income
Net Income
Deficit
Gross Income
6
What is "APR"?
Actual percentage rates
Math equation
no percentage rates
Annual percentage rates
7
True or False; When landlords allow pets, there may be a pet cost
True
False
8
What is "gross income"
The amount of money you have after deductions
Money you don't have
The amount of money you have before deductions
Money you have
9
What term goes with- "Expenses that can change month to month"
APR
Gross Income
Variable Expenses
Fixed Expenses
10
FICO score percentage question. What percentage is "payment history"?
30%
35%
15%
10%
11
What is "income"?
Money you don't have
Your check for every 2 weeks
Tips from waiting tables
Money borrowed from friends
12
What is "FICO score"?
Inocome
Annual percentage rates
Credit score
Expenses
13
True or False: Renters have to pay maintenance cost and repair bills?
True
Flase
14
FICO score percentage question. What percentage is "amounts owed"?
30%
15%
35%
10%
15
A __________ credit score a __________ interest rate
Lower, lower
Higher, Lower
Lower, Higher
Higher, higher
16
FICO score percentage question. What percentage is "length of credit history"?
15%
35%
10%
30%
17
Which one is not an "amenity"?
Grocery store
24- hour fitness center
24- hour concierge services
Pool
18
What term goes with- "An outline of spending, what you plan to spend"
Variable Expenses
Budget
Debt
APR
19
What is a big expense for a teen?
Food
Apartment
Car
College
20
Types of "installment loans"?
Un-locked Loans
Un-secure Loans
Secure Loans
Locked Loans
21
What term goes with- "Expenses that are a set amount (Car payment, Mortgage)"
Net Income
Gross Income
Variable Expenses
Fixed Expenses
22
What term goes with- "Multiple deficits"
APR
Debt
Variable Expenses
Deficit
23
Must be at least 18 to be approved for what?
To go to College
To get a Job
To get a Dog
To get a Car Loan
24
True or False When having a roommate you should have similar qualities. (partying, no partying)
False
True
25
"Financial aid", "Federal loan programs", and "private loans" are a form of what?
Mortgage payment
College payment
Car payment
