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FINANCIAL LITERACY Flashcards | StudBud
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FINANCIAL LITERACY
FINANCIAL LITERACY
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Questions
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Answers
1
Property taxes
help pay for which of the following?
State highways & bridges
State police
Public schools, parks, and libraries
National parks
2
Which of the following is a "
want
"?
Medicine
Cable TV
Winter coat
Food
3
A "
want
" is something you need to live each day.
True
False
4
Local taxes
are used to pay for which of the following?
state police
military
build new airports
public schools
5
Buying a good on
sale
will help you save money.
True
False
6
Which of the following is
not
a way to save money?
Using coupons at the store.
Only buying clothes twice a year.
Buying expensive items on sale.
Cooking your own meals at home.
7
An
emergency fund
should be used for what?
buying a new home
donating to charities
unexpected car repairs
buying gifts for Christmas
8
Money always makes people happy.
True
False
9
Which if the following is a "
good
"?
Shoes
Dry cleaning
Dog walker
Math tutor
10
"
Goods
" are things that are
produced
(made) that you can keep.
False
True
11
Federal
(country)
taxes
help pay for which of the following?
State Parks
Snowplowing
National Parks
Police and fire departments
12
Which of the following is a "
service
"?
Used car
Playstation 5
Car wash
Groceries
13
"
Services
" are things other people do for us that satisfy our wants or needs.
True
False
14
A
plan
for how money will be spent each month is a
budget
.
False
True
15
Which of the following is true about the
sales tax
?
All states have a sales tax.
Depends on the value of your home.
The more expensive a good is, the more sales tax you pay.
The more money you earn, the more sales tax you pay.
16
A "
good
"is a
service
that someone else provides for money.
True
False
17
What is on reason you should put money in a savings account?
Going out to eat.
Purchase an expensive item
Buy a pet
It's fun to save money
18
You can
save money
by reducing the number of
needs
you buy each month
False
True
19
Which of the following is a "
need
"?
Medicine
Vacation
Cable TV
Air conditioning
20
Which of the following companies
made more money
during the Covid pandemic?
Book stores
Cruise ships
Airlines
Netflix and Amazon
