Jed makes lots of cool magnets. If Jed stops making them, what will happen to the cost?

The magnets will cost more because they will be scarce.

If you have more education and special training you will probably-

Make a higher wage (income/salary)

There are 5 signed jerseys. What would the cost of the these be compared to regular jerseys?

They would cost more because there are less of them

What is another way to describe a budget?

a plan for how you will spend your money

The school needs to hire a new principal. Who would probably get the job?

A college graduate who has taught school

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Financial Literacy Quiz #2

10 termsStudBud Administration576 plays

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
If you don't have enough money to pay for something, you have to _____________?
spend
borrow or use a credit card
interest
income
2
What does the word borrow mean?
Putting money into a bank
The money you earn from your job
Spending money
Get a loan or use credit
3
What is a reason to save money?
you should not save money
to buy a drink at Sonic
to buy a notebook
to buy a house
4
Jed makes lots of cool magnets. If Jed stops making them, what will happen to the cost?
They will cost less because there will be more magnets available.
The magnets will cost more because they will be scarce.
They will cost more because there will be more magnets available.
They will cost the same because there will be more magnets available.
5
Which one is NOT a way you can earn money or an income?
Working at HEB
Earning a salary from your job
Mowing your neighbor's lawn each week
Watching TV
6
If you have more education and special training you will probably-
Make a higher wage (income/salary)
Make a lower wage
Make the same as someone who has no training at all
Have a hard time finding a job
7
There are 5 signed jerseys. What would the cost of the these be compared to regular jerseys?
They would cost less because there are more of them
They would cost more because there are less of them
No one would want them because they are autographed
They would cost the same
8
What is another way to describe a budget?
credit card
savings account
a plan for how you will spend your money
check book
9
The school needs to hire a new principal. Who would probably get the job?
A teenager because he/she is young
A gymnast because he/she can do cartwheels
A college graduate who has taught school
A doctor because he/she can take care of sick children
10
Sam wants to buy a doll so, she borrows $50 with interest. What will she have to pay back?
nothing
less than $50
more than $50
only $50

Financial Literacy Quiz #2 Flashcards | StudBud

Financial Literacy Quiz #2

10 termsStudBud Administration576 plays

Financial Literacy Quiz #2

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
If you don't have enough money to pay for something, you have to _____________?
spend
borrow or use a credit card
interest
income
2
What does the word borrow mean?
Putting money into a bank
The money you earn from your job
Spending money
Get a loan or use credit
3
What is a reason to save money?
you should not save money
to buy a drink at Sonic
to buy a notebook
to buy a house
4
Jed makes lots of cool magnets. If Jed stops making them, what will happen to the cost?
They will cost less because there will be more magnets available.
The magnets will cost more because they will be scarce.
They will cost more because there will be more magnets available.
They will cost the same because there will be more magnets available.
5
Which one is NOT a way you can earn money or an income?
Working at HEB
Earning a salary from your job
Mowing your neighbor's lawn each week
Watching TV
6
If you have more education and special training you will probably-
Make a higher wage (income/salary)
Make a lower wage
Make the same as someone who has no training at all
Have a hard time finding a job
7
There are 5 signed jerseys. What would the cost of the these be compared to regular jerseys?
They would cost less because there are more of them
They would cost more because there are less of them
No one would want them because they are autographed
They would cost the same
8
What is another way to describe a budget?
credit card
savings account
a plan for how you will spend your money
check book
9
The school needs to hire a new principal. Who would probably get the job?
A teenager because he/she is young
A gymnast because he/she can do cartwheels
A college graduate who has taught school
A doctor because he/she can take care of sick children
10
Sam wants to buy a doll so, she borrows $50 with interest. What will she have to pay back?
nothing
less than $50
more than $50
only $50