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Financial Literacy Flashcards | StudBud
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Financial Literacy
Which is an example of labor and income.
Labor is getting paid
Financial Literacy
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Answers
1
Labor is getting paid
True
False
2
Which is an example of labor and income.
A teller at a bank earning $300
Borrowing money to buy supplies
Volunteering at a shelter
3
When you borrow money, you don't need to give it back.
True
False
4
Decrease means down.
False
True
5
A benefit about saving money means you to get higher utility bills
False
True
6
A hotel will increase the price because there are more tourists.
False
True
7
People save money to give more money to their friends.
True
False
8
The money someone earns is income.
True
False
9
Increase means getting more or up
True
False
10
A benefit for saving money is saving to buy something expensive without borrowing more.
True
False
11
Interest mean paying someone back what you borrowed plus a fee for borrowing the money.
True
False
