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Financial Literacy Flashcards | StudBud

Explore/Financial Literacy

Financial Literacy

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Questions 10

Answers

1
What is financial literacy?
Being able to read the numbers on money.
Understanding how money works in the world.
Ability to make money.
Ability to spend money.
2
What is something you should NOT do with a credit card?
Use it in an emergency.
Max it out.
Pay above the minimum each month.
Pay the most you can on it every month.
3
True or False: You should not write financial goals for yourself.
False
True
4
What type of bank account earns interest?
Checking
Credit
Savings
None
5
Your financial goals should be...
To stack paper.
To have fun.
Realistic, specific, and have a timeframe
Broad & general
6
Which is a source of Financial Aid?
Scholarships
Check
Money Order
Cash
7
What is credit?
What you use to buy things.
A card.
Something you owe.
Ability to borrow money.
8
True or False: The higher your credit score the better.
True
False
9
What things should you NOT include in the costs of college?
Transportation.
Computers & Internet Access
Books & Supplies.
How much parties will cost.
10
What factors are looked at when calculating your credit score?
Credit Card Usage
Payment History
Credit Inquiries
All of the Above