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Financial Literacy for University Students Flashcards | StudBud
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Financial Literacy for University Students
Financial Literacy for University Students
25 terms
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Flashcards
25 cards
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Questions
25
Answers
1
What is considered a "good" credit score range?
999-1500
580-669
500-579
670-739
2
How long do most negative items stay on your credit report?
7 years
3 years
5 years
10 years
3
Which TV series finale broke streaming records in 2025?
Wednesday
The Last of Us
Stranger Things
House of the Dragon
4
What major technological advancement did Apple release in 2025?
Vision Pro 2
Neural Link Interface
iCar
Holographic iPhone
5
Which movie became the highest-grossing film of 2025?
Avengers: Secret Wars
Fantastic Four
Avatar 3
Superman: Legacy
6
How is your debt-to-income ratio calculated?
Total debt divided by annual income
Total monthly debt payments divided by total monthly income
Annual income divided by total debt
Total monthly income divided by total monthly debt payments
7
Which factor has the highest impact on your credit score?
Payment history
Credit mix
Length of credit history
Recent credit inquiries
8
What is considered a "sinking fund"?
A high-yield savings account
Money saved for a specific future expense
A retirement account
An emergency fund
9
What is the recommended MINIMUM amount for an emergency fund?
One year's worth of expenses
Two weeks' worth of expenses
Three to six months' worth of expenses
One week's worth of expenses
10
Which artist made history as the first to achieve over 200 billion total streams on Spotify in 2025?
Bad Bunny
The Weeknd
Taylor Swift
Drake
11
What is a "cash advance" on a credit card?
A credit limit purchase
A rewards payment
A cash withdrawal treated as a purchase
A high-interest cash loan
12
What is the relationship between your credit score and your interest rates?
The higher your score, the higher your rate
The lower your score, the lower your rate
There is no relationship
The higher your score, the lower your rate
13
Which of the following best describes a subsidized loan?
Parents must cosign the loan
The interest rate is always fixed at 10%
Interest begins accruing immediately after disbursement
The government pays the interest while you're in school
14
How often can you get a free credit report from each major bureau?
Once every six months
Once a month
Once every two years
Once a year
15
What is the primary purpose of an IRA?
Emergency fund
Retirement savings
Short-term savings
College savings
16
What type of account typically offers the highest interest rate?
Checking account
Standard savings account
Certificate of Deposit (CD)
Money market account
17
Which of the following are ways to protect yourself from identity theft?
Destroy all password sensitive material
Change passwords frequently
All of the above
Protect your pin
18
What is a healthy credit utilization ratio?
Below 75%
Below 90%
Below 30%
Below 50%
19
What is the primary advantage of a high-yield savings account?
FDIC insurance
No minimum balance requirement
Unlimited withdrawals
Higher interest rates than traditional savings accounts
20
Which budgeting method allocates 50% to needs, 30% to wants, and 20% to savings?
Zero-based budgeting
50/30/20 rule
Envelope system
70/20/10 rule
21
Which investment typically carries the highest risk?
Individual stocks
Certificates of deposit
Money market accounts
Government bonds
22
What is the main difference between a traditional and Roth IRA?
Withdrawal penalties
When taxes are paid
Investment options
Contribution limits
23
In compound interest, when does interest begin earning interest?
At maturity
Only during leap years
Immediately after being added to the principal
After the first year only
24
What highly anticipated video game sequel was released in early 2025?
The Elder Scrolls VI
Grand Theft Auto VI
Portal 3
Half-Life 3
25
What significant change occurred in the streaming industry in 2025?
Apple TV's became ad-supported
HBO Max launched virtual reality content
Amazon Prime acquired Hulu
Netflix merged with Disney+
