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Grade 9 | Mathematics | Financial Literacy | Grade 8 Review Flashcards | StudBud
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Grade 9 | Mathematics | Financial Literacy | Grade 8 Review
Grade 9 | Mathematics | Financial Literacy | Grade 8 Review
8 terms
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6 plays
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Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
Income and expenses have an impact on...
All of the above
Medium term goals
Long term goals
Short term goals
2
What are important elements when creating a financial plan or budget?
Income, expenses, tax implications
Only income
Only expenses
There are no important elements
3
Examples of expenses may be...
Transportation and travel
All of the above
Living, health, and dental expenses
Tuition
4
Balancing a budget requires tracking income, fixed and variable expenses, spending, and saving.
False
True
5
What factors should you consider when choosing a credit card?
Interest rates
All of the above
Offer Incentives
Fees
6
Exchange rates should be considered when making a purchase that requires a conversion of funds.
False
True
7
What is a potential way you could get more value for your money when making purchases?
Loyalty and incentive programs
Paying interest
Spending all your income
Getting a second job
8
The graph shows an example of compound interest.
True
False
