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Duplicate of Financial Literacy Flashcards | StudBud
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Duplicate of Financial Literacy
Duplicate of Financial Literacy
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StudBud Administration
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Financial know how
Flashcards
35 cards
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Questions
35
Answers
1
Which Macroeconomic component will tell you credit is a "must"?
Consumers
Labor
Financial Institutions
Government
2
Which financial enemy is the ONLY one consumers have control over?
Inflation
Credit
CPI
Interest
3
Which word describes a skilled or ability based worker that tends to earn more money?
Unskilled
Apprentice
Rookie
Veteran
4
Which factor are employers MOST likely to fire labor over?
Attendance
academics
Attitude
Achievement
5
Which worker is considered "blue collar"?
Teacher
Basketball Player
Lawyer
Carpenter
6
Which economic component can requires a homeowners policy if you (consumer) have a mortgage?
Government
Business
Labor
Financial Institutions
7
Which word describes the income you BUDGET based on each month?
Gross Revenue
Savings Income
Net Income
Gross Income
8
Which economic payment is a tax deduction for homeowners?
Income Tax
Property Tax
Sales Tax
Mortgage
9
Which company is USUALLY used just for INVESTING?
Bankers Life
PNC
Progressive
Charles Schwab
10
Which benefit is USUALLY afforded those with an education or ability?
Wage
Piecemeal pay
Salary
40 hour week
11
What word describes the deductions consumers receive from government by paying a mortgage?
Interest
Inflation
Income
12
Which financial tool has proven to save money on purchases?
Cash
Installment plans
Credit
90 same as cash
13
Which insurance policy is required by STATE law?
Auto
Health
Homeowners
Life
14
Which extra type of insurance is MOST likely to be purchased by a BUSINESS owner?
Auto
Health
Liability
Renters
15
Which plan is not an investment?
Mutual Funds
Savings
Bonds
Stocks
16
Which expenditure on your budget is fixed?
Rent
Groceries
Entertainment
Gas
17
Which retirement tool is offered many employees labor) by business as a benefit?
IRA
Roth IRA
Treasury Bonds
401k
18
Which length of time is OPTIMAL for investment growth?
10 years
5 years
15 years
20 years
19
Which word describes why SOME wealthy buy used cars?
Depreciation
Investment
Appreciation
Credit
20
Which tool is designed to keep you in the "black" (income>expenditures)?
Budget
Checking Account
Credit card
Taxes
21
Which tax-favored purchase allows tax deductions?
Gold
Diamonds
Automobiles
Real Estate
22
Which tax-favored plan involves age limits and TAX FREE income after 60?
Stocks
IRA
Bonds
Roth IRA
23
Which way is the RIGHT way to use your money for purchases?
Credit
90 day/cash
Installment plan
Cash
24
Which word describes the problem you WILL BE IN whenever you use credit?
Debt
Heaven
Surplus
"Building Credit"
25
Which word describes the debt (HELL) consumers CHOOSE to go into when buying a home?
Mortgage
Inflation
Interest
Rent
26
Which term describes the conflict between business and labor regarding employment?
Benefits
Wages
Collective Bargaining
Strike
27
Which government agency protect the investor from insider trading?
CIA
SEC
DOW JONES
FBI
28
Which word describes the spreading out of risk to avoid financial loss?
Diversification
Investment
Equity
Inflation
29
Which investment is MOST likely to return 10-15% over the long term?
Real Estate
Stocks
Savings
Bonds
30
Which component influences consumers through tax favored plans?
Labor
Government
Business
Financial Insitutions
31
Which economic component protects consumers from poor products?
Government
Business
Financial Insitutions
Labor
32
Which behavior is MOST likely to produce wealth?
Spending on wants
Spend using credit
Spending on needs
Spend by saving
33
Which economic component is supported or served by Pell Grants?
Business
Consumers
Financial Institutions
Labor
34
Which job MOST often requires an ability?
Teacher
Lawyer
Athlete
General Practioner
35
Which insurance plan is required by the FEDERAL government?
Auto
Disability
Life
Health