stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Duplicate of Financial Literacy Flashcards | StudBud
Explore
/
Duplicate of Financial Literacy
Duplicate of Financial Literacy
18 terms
·
StudBud Administration
·
44 plays
Financial Literacy questions for review.
Flashcards
18 cards
F
Practice quiz
P
Host live
L
Questions
18
Answers
1
Jobs usually pay a higher salary when...
They have a job title
An ad has been placed online.
More education or skills are required
People must be interviewed
2
What is unemployment?
A stay at home mom or dad
A person not physically capable of working
A person without a job but is looking for one.
A retired person
3
A plan for managing income, spending and saving is called...
Investment
Budget
Account balance
Credit Account
4
Which is an example of a fixed expense?
Clothing
Gasoline
Netflix
House Payment
5
What is net pay?
The amount of pay earned from doing additional work
The length of time an employee's wages are calculated
The total amount of money earned before pay deductions.
Amount of money left after all deductions have been taken.
6
Haley can either work at Taco Bell or Skyline. If Haley picks Skyline, Taco Bell is her...
Incentive
Opportunity Cost
Choice
Interest
7
One way to improve human capital is by...
Building a factory
Go shopping
Attending school
Saving money
8
When a bank pays someone to save money it is called
Service
Interest
Trade-off
Opportunity Cost
9
The payment people receive for the work they do is called...
Profit
Savings
Interest
Wages
10
The circular flow of money in our society is between
Government, Households and Marketplace
Households, Government and other countries
Government and Marketplace
Marketplace and Households
11
The knowledge, skills and talent that people use to do their work is called.
Natural Resources
Financial Capital
Human Capital
Capital Resources
12
Spending on clothing is what kind of expense?
Production Expense
Investment Expense
Fixed Expense
Variable Expense
13
Sam earned $3000. He spent $2000. He put $1000 in the bank. This amount is called?
Profit
Budget
Credit
Saving
14
The end of the tax year in NZ is on?
January 31
March 31
July 15
December 31
15
What is the best action to take to balance your budget?
Get more credit cards
Pay more taxes
Increase expenses
Reduce expenses
16
We cannot have everything we want because of
scarcity
opportunity cost
needs
wants
17
Taking money out of your bank account is called...
Payment
Withdrawal
Deposit
Interest
18
Which of the following could you use to buy something now and pay for it later?
Debit Card
Check
Credit Card
Cash
