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Financial Literacy with EOC Flashcards | StudBud

Explore/Financial Literacy with EOC

Financial Literacy with EOC

8 terms·StudBud Administration·215 plays

A pretest for Financial Literacy presentation

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Questions 8

Answers

1
A way to help you save and avoid overspending
Using a credit card
keeping a budget
Taking out loans
Opening a bank account
2
What is the range of credit scores?
200-900
300-900
300-850
200-850
3
At MOST, what percentage of your income should you spend?
80%
100%
20%
75%
4
How can you track your spending?
A spreadsheet
Writing it down on paper
Either spreadsheet or on paper
None of these
5
Before making a purchase, it is wise to
Open a credit card with cash back rewards
Ask your mom
Compare it to what your friends have
Evaluate your needs versus wants
6
Many cyber crimes start this way
A weak password used
User did not log out of public computer
Phishing email
Lost credit card
7
What are some possible consequences of using a credit card?
Getting cash back
All of these
Establishing a good credit score
Accidentally overspending
8
Why do many people not have enough money?
They track their expenses
They don't know their income
They don't think about the longterm
They set goals too high