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W!SE FINANCIAL LITERACY- MONEY Flashcards | StudBud

Explore/W!SE FINANCIAL LITERACY- MONEY

W!SE FINANCIAL LITERACY- MONEY

11 terms·StudBud Administration·47 plays

MONEY-Vocabulary and topics problematic for students

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Questions 11

Answers

1
What is C.O.L.A. ?
Coca vs Pepsi
Cost of Living Adjustment
Certification Of Lending Agencies
Consumers of Los Angeles
2
What is LIQUIDITY?
value of money with given interest rate
time of deposit offered at Financial institutions
collecting taxes owed, foreclosure notes, & outstanding debt
degree of ease in which assets can be sold
3
According to this chart, which group is hurt by Inflation?
Debtors with long term mortgages
Debtors with fixed rate of payment
Savers on a fixed rate of interest
receivers of COLA
4
Which is not a role of the US Treasury?
Internal Revenue Service
issuing of stamps
overseeing National Banks
establishing Credit Unions
5
What is inflation?
Prices go DOWN, value of Money goes UP
Prices go UP, value of Money goes UP
Prices go UP, value of Money goes DOWN
Prices go DOWN, value of Money goes DOWN
6
Watch video on inflation
YES
No
7
Which is not a role of the US Treasury?
print money
issue treasury bonds
collect taxes
review of Discretionary spending
8
Who are hurt the LEAST by inflation?
balloons, egos , and bicycle tires
those who owe large amounts of money
lending institutions
people living on fixed incomes
9
Why does the US currency have value even though it is not tied to a commodity (GOLD)?
belief that money has value and therefore is accepted
Gold is inconvenient to carry for every day purchases
Legal tender is superior to a Barter System
US Constitution dictates that currency be paper and coinage
10
What is interest?
money paid at a particular rate for the use of money lent
When a cute boy smiles at you
calculated value of money by Exchange commission
11
Which is NOT a source of Income?
entrepreneurship
Interest
taxes
rentals