Financial Literacy

Question 1

When money is put into an account

Accepted Answer

deposit

Question 2

Who has a better chance of being successful and living a comfortable life? Someone who____

Accepted Answer

has a doctorate degree

Question 3

Banks, credit unions, and savings and loans are all

Accepted Answer

financial institutions

Question 4

Ana saves her money in a piggy bank, and Lisa saves her money in a bank. Which method is best?

Accepted Answer

Lisa's method

Question 5

How much education a person achieves is the reason some people earn different levels of income.

Accepted Answer

True

Question 6

Giving money to charity or other people is ?

Accepted Answer

sharing

Question 7

What should you do first when you get money?

Accepted Answer

Budget, save long term, save short term, spend a little

Question 8

Expenses that do NOT occur on a regular basis is?

Accepted Answer

variable expenses

Question 9

Expenses that occur on a regular basis?

Accepted Answer

fixed expenses

Question 10

Money you receive for lending money is?

Accepted Answer

interest

Question 11

_____________ are the total money taken in.

Accepted Answer

receipts

Question 12

When money is taken out of an account

Accepted Answer

withdrawal

Question 13

Who has a better chance of being successful and living a comfortable life? Someone who____

Accepted Answer

has a doctorate degree

Question 14

The amount of money you have in your account

Accepted Answer

balance

Question 15

Amounts of money spent is?

Accepted Answer

expenses

Question 16

What does unplanned spending mean?

Accepted Answer

You didn't expect to spend money.

Question 17

What is budgeting?

Accepted Answer

A written plan for how to spend your money.

Question 18

Trading money for goods or services is ___________.

Accepted Answer

spending

Question 19

Putting money aside from current income to buy something in the future is ?

Accepted Answer

saving

Questions 20