Home Library Explore SAT

Home Library Explore SAT

MFP Financial Literacy 1st Session #3 Flashcards | StudBud

Explore/MFP Financial Literacy 1st Session #3

MFP Financial Literacy 1st Session #3

7 terms·StudBud Administration

Imported from external platform

Flashcards7 cardsFPractice quizPHost liveL

Questions 7

Answers

1
What does A stand for in SMART goals?
Amazing
Awesome
Achievable
Ambitious
2
What is tax you pay on money MADE?
Sales tax
Capital gains tax
Death tax
Income tax
3
Why do people pay taxes to the government?
To help pay for things like schools, parks, and roads
So the government can take all their money and buy whatever they want
To get free candy from the government
Because taxes make money grow faster in banks
4
You can buy a video game or go to a concert, but not both. What is your opportunity cost of choosing the game?
Getting a free ticket to another concert later
Going to the concert
Buying two things at the same time
Getting to play the game and enjoy it
5
When potential for reward increases, risk decreases
False
True
6
If you invest $20,000 that grows at a rate of 8.5% per year, how much will the $20,000 grow into after 40 years?
~$40,000
~$100,000
~$200,000
~$500,000
7
Why might you want to invest your money instead of just saving it in a piggy bank?
Investing is a safer option
Because companies send investors free pizza every month
Because investing can help her money grow faster over time
Because investing is like giving money away for free