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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
30 terms
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StudBud Administration
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#A crappy quiz
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
What is financial literacy
The ability to understand German
A class that teaches you spanish
Ability to understand how money works
A class you have to take
2
What is a debit card
A resource used to buy frogs
a small plastic card used to buy goods and services
A bigger computer
Card that allows the holder to transfer money electronically
3
What is an asset
An asset is a person
An asset is a type of animal
A computer keyboard
Everything you own that has any monetary value
4
Banks
Belco
KrispyKringle
Trump Industries
Bank of America
5
What is bankruptcy
Having more money than your bill requires
When a bank gets robbed
Giving money away
Being unable to pay your debts
6
What state doesnt have income tax
Toronto
Pennsylvania
Georgia
Texas
7
Florida doesnt have income tax
False
True
8
What is a withdrawl
Ways to put money into bank
Action of taking money out of bank
Paying off a loan
Your weekly paycheck
9
Where should you keep your money
In a safe in your house
Under the floor boards
In a bank or credit union
Under your mattress like Mr. Krabs
10
What is a bank check
A piece of paper you give to the bank to deposit money
A feature on Microsoft Word
A check is a type of move in hockey
A check is a type of wood
11
What is collateral
Something pledged as security for a loan
When you go into debt
Money you have to owe
When you buy something
12
What is minimum wage in PA
7.25
5.20
8.00
7.50
13
What is a credit union
A place that collects interest
A bank
a nonprofit-making money organization
A place that holds money
14
What is tax
Stuff in a candle
A contribution to state revenue
A type of amount you pay when in debt
A type of food
15
Alaska also doesnt have a sales tax
False
True
16
Why is the tax in California so high
They receive more services from goverment
Government workers salary's are high
The government decided to give back
They spend more
17
Whats a deposit
A way to take money out of the bank
A sum of money kept in a bank account
Paying off a loan
A weekly paycheck
18
What is a bank
Credit Union
Creates money
a financial establishment that invests money
A place that ONLY collects interest
19
What does going in debt mean
The amount you have in the bank
A number of banks in area
Number of credit unions in the area
An obligation to pay or render something to someone else
20
What is financial literacy month
May
June
April
December
21
What is a deposit slip
A brick
A way to get money out of the bank
A form used to show your deposits
A punishment for not filing taxes
22
Whats a credit card
A small computer
A giant metal card
a small plastic card used to purchase goods issued by a bank
A card used to transfer money electronically
23
What does FDA stand for
Food and Drug Association
Food and Drinks Association
Federal Downloadable Aids
Fries and Dijon mustard Association
24
What is budget?
The percentage you have to pay
The total amount money in your bank account that you owe
An estimate of income
The action of process of financial activities
25
What is a bill
Something you shouldn't pay
A type of bird
A paper someone used to transact money
Amount of money owed for goods supply
26
Is this class fun
YES
NO
27
Credit Unions
Lemonade stand
Kiddy Clinton steals money
Cat Nachos
Belco
28
Which state doesnt have sales tax
Delaware
California
Pennsylvania
Florida
29
What is a difference between a credit union and a bank
They both have money in them
They both hold money
Credit Unions are not for profit but banks are for profit
They both can get robbed
30
What is minimum wage in California?
10.50
12.00
9.00
10.75
