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Financial Literacy Basics Flashcards | StudBud

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Financial Literacy Basics

18 terms·StudBud Administration·5 plays

Test your knowledge on fundamental concepts related to personal finance and money management

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Questions 18

Answers

1
True or false: A mortgage is a type of loan.
True
False
2
What is a credit card?
A loan tool
A bank account
A type of cash
A savings plan
3
What is cash?
Physical currency
Digital money
A type of loan
A bank account
4
Which verb means to give money temporarily?
Charge
Borrow
Lend
Spend
5
What word means "to force something on others"?
import
profit
impose
tariff
6
Which idiom means "something that is easy to do"?
cool as a cucumber
in a nutshell
piece of cake
icing on the cake
7
What does it mean to charge someone?
To save money
To lend money
To ask for payment
To borrow money
8
What does it mean to blow money?
To spend carelessly
To save it
To invest wisely
To earn more
9
What are expenses?
Money spent
Money earned
Money saved
Money borrowed
10
Listen to the word. Which syllable is stressed?
4
2
1
3
11
What does it mean to possess something?
To borrow it
To own it
To waste it
To lend it
12
How do you pay back a loan?
Spend it
Ignore it
Make payments
Borrow more
13
Which noun refers to money owed?
Income
Expenses
Debt
Cash
14
What do you call money you earn?
Debt
Income
Cash
Expenses
15
What do you do with a budget?
Plan expenses
Spend freely
Earn income
Waste money
16
What is a bill?
A type of loan
A cash deposit
A statement of charges
A bank account
17
What does it mean to be broke?
Having no money
Having too much money
Having a budget
Having a loan
18
What does it mean to withdraw money?
To save money
To lend money
To deposit money
To take out money