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MIS Financial Literacy Flashcards | StudBud
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MIS Financial Literacy
MIS Financial Literacy
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Flashcards
21 cards
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Questions
21
Answers
1
How much is one year of tuition at University of Colorado?
$9,500
$28,000
$12,500
Free for Colorado Residents
2
How much does it cost to raise one child in the United States?
$20,000
$950,000
$250,000
$75,000
3
At what age will you get kicked off of your parent's health insurance?
27
32
18
22
4
What day are taxes due in the U.S.?
June 1
December 31
January 1
April 15
5
What percentage of the population in the United States has over 1 million dollars?
15%
11%
22%
3%
6
Will money make you happy?
No, but life is easier when you have savings
All of the above
No, but having a budget is smart
No, finding things and people you love are way more important
7
How old do you have to be to get a job in Colorado?
14
12
16
15
8
If you buy a $500,000 house with a 30 year mortgage at 3% interest, what will you pay in total?
$759,000
$598,000
$686,000
$972,000
9
Your interest rate for a car and home loan is determined by your credit score
True
False
10
What is the median salary in the United States?
$27,500
$73,000
$31,000
$52,000
11
Which of these is NOT a crypto-currency?
Doge Coin
Ethereum
Tether
Bite Coin
12
How much money does the average teenager have saved?
$900
$750
$42
$2,500
13
What do our tax dollars pay for?
Infrastructure
Military
Education
All of the above
14
What percentage of people save no money on a monthly basis?
75%
50%
82%
25%
15
What is the average student loan debt in the United States?
$17,569
$32,721
$52,874
$41,928
16
Who has made the most money on Tik-Tok so far in 2021?
Charlie D
Joe Albanese
Addison Rae
Michael Le
17
The average income of a new college graduate is $65,000 a year.
True
False
18
You can only be approved for a credit card if you have money in the bank
False
True
19
What does the average single family home cost in Denver?
$820,000
$675,000
$520,000
$475,000
20
What is a 401k?
A savings account your parents set up for you
A savings account you can use for college
A savings account that you and your employer contribute to
A new trend on tik-tok
21
This percentage of people in the U.S. are in debt....
99%
60%
75%
36%
