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FINANCIAL LITTERACY by Mario Flashcards | StudBud
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FINANCIAL LITTERACY by Mario
FINANCIAL LITTERACY by Mario
20 terms
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StudBud Administration
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270 plays
Learn some vocabulary about the world of finance!
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
Having a budget means writing all your expenses, after you spent the money
False
True
2
Good financial budgeting is spending most of your budget on luxurious and expensive items
False
True
3
What are factors that affect a debtor's capacity?
A debtor's ability to repay a debt
How much debt the borrower has relative to income
How much the borrower earns
How long the borrower has been at current job
4
3% of purchases are celebrity influenced
True
False
5
What happens if you don't pay your credit bill?
you could loose everything you own
you could get fined
you can go to jail
6
Advertising influences purchases
False
True
7
What is the capital in a debt?
It's the money I should pay back
It's what I pay to allow the creditor to earn money from my debt
It's the percentage of how much I should pay in addition to what I received
It's the money I received
8
What is the interest rate in a debt?
It's the percentage of how much I should pay in addition to what I received
It's the money I received
It's the money I should pay back
It's what I pay to allow the creditor to earn money from my debt
9
On which spending should I try to spend as little as possible, if I want to save money?
Essential spending
None of them
Non-essential spending
Both of them
10
Which of these answers allows you to know how much you are gonna earn every month?
Being lucky
Invested money
Working for ourself
Working for someone else
11
Having a budget allows to avoid spending more than planned
True
False
12
The amount of money you give someone, and is promised to be given back.
Creditors
Loan
Debt
Insurance
13
Why you should save your money?
so you can pay your bills
so you can buy a lamborgini
to use it in the future
buy sushi
14
What is the sum of capital and interest?
It's what I pay to allow the creditor to earn money from my debt
It's the percentage of how much I should pay in addition to what I received
It's the money I received
It's the money I should pay back
15
What is a debtor's capacity?
How much debt the debtor has relative to income
A debtor ability to repay a debt
How long the debtor has been at current job
How much the debtor makes
16
Marketing aims at making me spend money
True
False
17
What is the interest in a debt?
It's the money I should pay back
It's the percentage of how much I should pay in addition to what I received
It's what I pay to allow the creditor to earn money from my debt
It's the money I received
18
The abilities by an individual to keep up with personal financial decisions is called...
Financial Aid
Financial Literacy
Loan
Credit Score
19
Going out with friends is a necessary expense
True
False
20
A plan of how you will spend your money each month is called...
Gross Pay
Loan
Interest
Budget
