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Financial Literacy- Post Test (Gear Up) Flashcards | StudBud
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Financial Literacy- Post Test (Gear Up)
Financial Literacy- Post Test (Gear Up)
9 terms
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StudBud Administration
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Gear Up 9th grade financial literacy post test, see what students have learned.
Flashcards
9 cards
F
Practice quiz
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Host live
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Questions
9
Answers
1
"Pay Yourself First" means that:
All bills get paid before any saving.
Money is set aside for savings before spending.
2
Using a debit card to purchase a good is most similar to using a:
check
credit card
3
Which best describe auto collision insurance?
Provides repair and replacement damages
Covers property damage or injury
4
What is auto comprehension coverage?
provides income due to not being able to work.
covers damage resulting from fire, theft or storm
5
Disposable income is the money that is
Spent or saved after deductions.
Budgeted for variable expense.
6
A whole life insurance policy offers protection:
During the lifetime of the insured and builds cash value.
For specific time and do not build cash value.
7
A positive net worth means that:
Income is greater than saving.
Assets are greater than liabilities.
8
Which type of insurance protect a person from loss from lawsuits?
liability
casusalty
9
Damages $500, with a $200 deductible. How much will you have to pay?
$300
$200
