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Financial Literacy Flashcards | StudBud

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Financial Literacy

10 terms·StudBud Administration·7 plays

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Questions 10

Answers

1
What is Prudent use of money
Income-Saving=Expenses
Income-expenses=Saving
Expenses= Saving-Income
Saving= Expenses-Income
2
Rate this Quiz out of 100
0
10
100
50
3
We should work-earn-save-invest without caring for out health.
True
False
4
Money grows on trees.
True
False
5
What is 50/30/20 budget rule?
50% Needs 20% wants and 30% saving
50% needs 30% wants 20% saving
50% savings 30% wants 20% needs
50% saving 20% saving 30% needs
6
How can you get out of your Debt?
Compete with your peers
Live life below your means
get into get rich quick scheme
Spend less and buy only your wants
7
How can we save money from our salary?
By creating an emergency funds
Getting into debts
Buying new cars
By making monthly budget
8
Warren Buffet is the World's greatest stock investor.
False
True
9
Why do we need financially literate
To stay broke
To have improved quality of life
To continue living pay-cheque to pay-cheque
To realise financial vulnerabilities
10
You should only take a loan to invest in risky and new business stocks.
False
True