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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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99 plays
A Review of unit 3 of Careers.
Flashcards
15 cards
F
Practice quiz
P
Host live
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Questions
15
Answers
1
The highest interest rate is with...
Student loans
credit cards
Payday loans
Bank Loans
2
A bad credit score could mean the bank refuses to give you that car loan.
False
True
3
The average Canadian household spends the most $ on
Shelter
Recreation
Transportation
Food
4
Net income is the amount of money earned ________ expenses.
After
Before
during fishing
5
You must claim money you receive as a gift on your taxes.
False
True
6
5 years after retirement how many NBA players are bankrupt?
60%
42%
53%
25%
7
I owe $1,300 on my Visa bill. I pay $1,299. I will pay interest on...
the full $1,300
half of it
the $1 I owe
8
% of Canadian households that use a budget to manage their finances.
78%
65%
48%
32%
9
Deductions from your paycheque for your retirement
IDK
OSAP
CPP
EI
10
I should first pay off my...
Student Loan
Personal Loan
Credit Card
11
Employment Insurance can be used by people who...
had EI deducted from their pay
lose their job
All of the above
have a baby
12
OSAP can help you pay for all of these EXCEPT...
Tuition
Textbooks and school supplies
Living expenses
Car loans
13
You can learn and be good at financial skills.
False
True
14
NSF stands for
Not so fast!
Not Sufficient Funds
No Spending Flow
National Strike Force
15
Credit card companies can raise your credit limit without asking you.
True
False
