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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
14 terms
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Flashcards
14 cards
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Practice quiz
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Questions
14
Answers
1
A new video game would be a
Need
Want
2
Owing money that you do not have at the present time is
A gift
A bill
Debt
A contract
3
Going out to dinner with friends is a
Need
Want
4
As a teenager, what you do now with money will have little effect on your future.
False
True
5
Getting your nails done for a school dance is a
Want
Need
6
New dress pants for a school program is a
Want
Need
7
Which of the following is a consequence of spending more than you make?
Debt
All of the above
Stress
Overdraft Fees
8
Most Americans are wealthy & will have financial security when they retire.
False
True
9
Paying your electric bill is a
Want
Need
10
There is a difference between a want and a need.
True
False
11
What does the term "Financial Literacy" mean?
Being Poor
Being Rich
Understanding how money works
Being able to read
12
Having debt keeps you from building wealth
False
True
13
Food is a
Need
Want
14
Having an expensive house and brand new car means you are wealthy
False
True
