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Financial Literacy Challenge 2 Flashcards | StudBud

Explore/Financial Literacy Challenge 2

Financial Literacy Challenge 2

10 terms·StudBud Administration·230 plays

financial literacy challenge week 2

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Questions 10

Answers

1
If i just started working the first thing I should do is?
shop for office clothes
start a savings account
set aside more money for my dream vacation
build up an emergency fund
2
If you use a credit card, you should pay ______?
be able to buy anything you want
the full balance of the credit card every month
pay the minimum payment each month
never pay the bill
3
Why should you buy renter's insurance?
All of the above
In case of an fire
In case you get robbed
In case of a flood
4
A health insurances program that is funded by some of your taxes and ran by the federal gov is?
FICA
Medicare
unemployment tax
State tax
5
You won't be able to move out if you have_______?
bad credit
protective parents
too many friends
pets
6
When you put money into a checking account, you fill out a?
signature card
bank statements
deposit slip
reconciliation form
7
How much money should you set aside in savings in case of emergencies?
it depends
1 to 3 months
3 to 6 months
6 to 12 months
8
Health insurance is______?
must buy item for your budget
more important for women than for men
an unnecessary expense because you may not need it
only for those who get sick
9
The average social security payment a person receives today per month is?
over 5,000
more money than they used to earn when they were working
more than enough to cover a person's monthly bills
less than 1,000
10
One common denominator of most financially successful people is that they?
work part time when they were teenagers
started a business early in life
always keep $500 in their pocket
quit school before they were 18