Home Library Explore SAT

Home Library Explore SAT

Budgeting and the Stock Market Game Flashcards | StudBud

Explore/Budgeting and the Stock Market Game

Budgeting and the Stock Market Game

10 terms·StudBud Administration·220 plays

Imported from external platform

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Examples of Budget Boosters are
Pay down debt, use cash, work more, spend less
All of these are examples of Budget Boosters.
Prioritize saving, save weekly, plan for the long-term
Record your spending, identify needs, spend wisely
2
What is someone who is financially literate able to do?
All of the above demonstrate financial literacy.
They learn how to invest
They learn how to budget
They learn how to manage debt
3
What does it mean to be "financially literate?"
To spend more than you earn
The ability to manage money
To keep track of how much you spend only if it's for luxury items.
To only save money
4
If you start investing $20 a week at a 5% rate of return, how long will it take you to accumulate $35, 713?
45 years
20 years
10 years
50 years
5
Investing for the long-term means
You put money in the bank and accrue interest over a month
You put all of your money into Game Stop in hopes it will double overnight.
You buy stocks in hopes your money grows over time.
You spend more than you earn on items that show everyone you have money
6
According to a national survey, what do teens spend the largest part of their money on?
food and clothing
video games and entertainment
entertainment and food
clothing and entertainment
7
Risk means....
You may make lots of money, but you may lose it, too.
You can invest, but will not lose more than you gain
You only invest what you can afford to lose.
You can invest with no consequence of losing any money
8
What is one of the fundamentals of personal finance?
Spending
saving
earning
budgeting
9
Most millionaires use a budget to manage their money AND they started early in life.
False
True
10
A ________ is a plan for spending and saving.
stock
piggy bank
job
budget