ability to make financial decisions, by summarizing income/expenses

What is Financial Literacy?

Getting educated with money management to have a secure financial future

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Financial Literacy

12 termsStudBud Administration76 plays

concepts

Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
Scholarships are....
another resource of free money
all of the above
financial support awarded to a student, based on academic achievement/other
is a gift from an organization
2
What is a Budget?
ability to make financial decisions, by summarizing income/expenses
learning incredible budget car rental deals
answers A and B
calculation plan
3
What is credit?
answers A and C
the ability to access goods/services with the agreement that you'll pay
buying good services by borrowing money that you dont have (pay higher int)
how you measure your ability to make purchases
4
Financial Aid is to pay for tuition fees, books, and room. This is free money for the first bachelor's degree.
False
True
5
To establish your credit history is recommended to.....
all of the above
20/10 rule
avoid applying to many credit accounts within 6 months period
pay your bills a week ahead or at least the day before to reduce interest
6
What is the platform used to help you with Finances at FIU?
IGrad
Money dashboard
Pocket Guard
Honeydue
7
What is Financial Literacy?
accumulating unsustainable debt burdens
Getting educated with money management to have a secure financial future
Ability to read and write by using finance terms
all of them
8
2 ways to keep track of your income and expenses? zero based and 50/30/20?
False
True
9
Grants are.....
none of the above
A and B
It is need-based that consider your family situation
gifts that do not have to be paid back, under most conditions.
10
Savings is about.....
prioritizing what is essential vs want
left over money after subtracting out consumer spending
money set aside to use later
all of the above
11
The 3 most common savings account types are.....
none of the above
regular savings
A and C
High Yield savings and CD
12
Are students required to file taxes by using 1040 Form?
College students must file a tax return if they made over a certain income
required to file federal tax returns when they make at least $12,550
all of the above
unmarried dependent student file taxes; if earned income exceeds limits

Financial Literacy Flashcards | StudBud

Financial Literacy

12 termsStudBud Administration76 plays

concepts

Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
Scholarships are....
another resource of free money
all of the above
financial support awarded to a student, based on academic achievement/other
is a gift from an organization
2
What is a Budget?
ability to make financial decisions, by summarizing income/expenses
learning incredible budget car rental deals
answers A and B
calculation plan
3
What is credit?
answers A and C
the ability to access goods/services with the agreement that you'll pay
buying good services by borrowing money that you dont have (pay higher int)
how you measure your ability to make purchases
4
Financial Aid is to pay for tuition fees, books, and room. This is free money for the first bachelor's degree.
False
True
5
To establish your credit history is recommended to.....
all of the above
20/10 rule
avoid applying to many credit accounts within 6 months period
pay your bills a week ahead or at least the day before to reduce interest
6
What is the platform used to help you with Finances at FIU?
IGrad
Money dashboard
Pocket Guard
Honeydue
7
What is Financial Literacy?
accumulating unsustainable debt burdens
Getting educated with money management to have a secure financial future
Ability to read and write by using finance terms
all of them
8
2 ways to keep track of your income and expenses? zero based and 50/30/20?
False
True
9
Grants are.....
none of the above
A and B
It is need-based that consider your family situation
gifts that do not have to be paid back, under most conditions.
10
Savings is about.....
prioritizing what is essential vs want
left over money after subtracting out consumer spending
money set aside to use later
all of the above
11
The 3 most common savings account types are.....
none of the above
regular savings
A and C
High Yield savings and CD
12
Are students required to file taxes by using 1040 Form?
College students must file a tax return if they made over a certain income
required to file federal tax returns when they make at least $12,550
all of the above
unmarried dependent student file taxes; if earned income exceeds limits