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SMS FACS Financial Literacy Basics Flashcards | StudBud
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SMS FACS Financial Literacy Basics
SMS FACS Financial Literacy Basics
20 terms
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StudBud Administration
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353 plays
middle school, high school, budgeting, credit, investments,
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
The phrase "trading stocks" means .....
selling stocks
buying stocks
making a profit
buying and selling stocks
2
Paying bills late and/or owing a lot of money compared to what you earn can affect your
credit score
investments
SAT score
FDIC score
3
Tom's investment portfolio contains a variety of investments from low to high risk. It is ____.
a winner
diversified
impressive
slow growth
4
Which is NOT a fixed expense?
rent
food
car loan
insurance payment
5
When a bank pays interest on your money PLUS past interest you have earned, it is called
return interest
simple interest
compound interest
interest yield
6
How your handle your credit- paying bills , how much you have borrowed, etc.is part of your
investing preferences
credit karma
credit history
debit
7
Which of the following is the riskiest investment?
Stocks
Savings Account
Mutual Funds
Savings Bonds
8
The yield or return on investments refers to ....
investment growth (profit)
investment loss
SLYE
a slow down
9
What was created after the Stock Market crash of 1929 to protect bank accounts?
FTC
FDA
FDIC
SYLE
10
The rule of thumb for saving is ....
17%
20%
15%
10%
11
A balanced budget occurs when
Income= Fixed and Flexible Expenses
Savings= Expenses plus Bills
Income= Savings plus Expenses
Expenses=Savings plus income
12
Younger people can afford to take more risks with investments because they have more ____.
time
money
interest
risk
13
High risk investments historically provide the ___________ potential return.
lowest
highest
14
How easy it is to access money is referred to as
yield
safety
liquidity
return
15
Wanted: Best safe investment for $5K that doesn't need to be used for 3-5 yrs.
Stock
Piggy Bank
Savings Account
CD
16
Which of the following represents a safe and slow growing investment?
US Savings Bonds
CD
Mutual Funds
Collectibles
17
To pay the least amount of interest on a credit card,
none of these choices
pay more than the minimum payment or the entire balance.
pay what you can.
pay only the minimum payment due.
18
To create a successful budget, consider your
income, money values, needs and wants
income and needs
money values
needs and wants
19
The symbol for a company name on a stock exchange is called a __________.
ticker tape
ticker symbol
symbol
tick tocker
20
"Buy now, pay later" refers to
borrowing money, loans and credit cards
borrowing money
credit cards
loans
