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Intro to Financial Literacy-- Flashcards | StudBud
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Intro to Financial Literacy--
Intro to Financial Literacy--
21 terms
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Intro to Financial Literacy--Day 2
Flashcards
21 cards
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Practice quiz
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Host live
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Questions
21
Answers
1
Until what age can a child stay on their parent's health insurance?
21
18
23
26
2
What's the #1 expenditure for the average American family?
Housing
Healthcare
Food
Transportation
3
What was the average Monthly car payment for a new vehicle in 2024?
$450
$585
$737
$625
4
What would be consider an GOOD credit score
500
650
700
800
5
Which would not be a form of insurance
Health
Credit Card
Life
Auto
6
What percent of Gen Z (10-23 yr olds) carry cash with them?
45%
77%
68%
25%
7
What is the average fee when you OVERDRAW your checking account using your debit card?
$15.00
$25.00
$35.00
$40
8
What is the most impactful piece of financial advice that millennials have received?
Pay off your Credit Card Balance every month
Don't live beyond your means
Build a Budget and stick to it
Build an Emergency Fund
9
What % of 18-29 year olds are living with their parents?
45%
35%
15%
25%
10
Which of the following has the MOST negative influence on money habits?
Social Media
Family
Friends
Co workers
11
What percentage of Americans have less $400 in an emergency fund?
66%
40%
30%
55%
12
I will be more financially literate at the end of the semester...
False
True
13
What is the most common type of Identity Theft
Tax Fraud
Medical/Insurance fraud
Business/Personal Loan
Credit Card Fraud
14
What is the #1 reason that people gave for paying their credit card bill late?
Ran out of money
I'm disorganized
I forgot
None of the above
15
What % of graduates leave college with student loan debt?
70%
35%
59%
45%
16
Which of these is NOT a credit reporting agency?
Capital One
Experian
TransUnion
Equifax
17
How much does the average consumer spend monthly on impulse purchases?
$500
$325
$150
$750
18
In credit card terms--what does APR stand for?
Annual Percentage Rate
Asset Plan Refund
Average Percentage Rate
Annual Payment Rate
19
What is the most popular payment app?
Venmo
Cash App
Zelle
PayPal
20
What percentage of people 55 and older have NO money saved for RETIREMENT?
50%
25%
15%
60%
21
What % of high school students are required to take a Personal Finance course to graduate?
42%
23%
53%
35%