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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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Questions
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Answers
1
DONATING is good because it helps people in need.
False
True
2
If i have $10, what is the right thing to do with that money
Invest
Throw it in Trash
Donate, Save
Buy a TOY
3
Methods to SAVE your Money
Spending when not needed
Buying Toys
All of the above
Coupons, Sale price, Garage sale, Flyers
4
SAVINGS: can help you in times of needs.
Disadvantage of Savings
Advantage of savings
5
BEST way to purchase something from FACEBOOK to hold the item and secure your purchase
Credit card
Cash
Cheque
E-Transfer
6
Do you like my Quiz!!!!!!!
Yes
No
7
How can I know if I am getting a good price on a purchase?
Full price
Regular price
LOWEST PRICE
Sale
8
What does it mean to INVEST your money?
All of the above
To spend money into a company to personal needs
To put money into a company or person in order to earn a financial return.
To borrow money from a company order to earn a financial return.
9
EARNING, working and getting paid is good so you can make money.
True
False
10
SPENDING- is bad habit because if you spend all your money then you will become Bankrupt.
True
False
11
Which of the following is the best way to pay for a large amount of groceries?
V-Bucks
E- Transfer
Debit Card
Credit Card
12
Which of the following is the best way to pay for a chocolate bar?
Credit Card
Cash
Cheque
E-Transfer
13
What is the meaning of SAVINGS?
Saving is when i spend all my money.
Saving is when i give my money to someone.
Saving means to not spend and keep money for your future.
Saving mean to work, work, work !
14
Difference between SAVINGS and INVESTMENT
SAVING = not to spend money, INVESTMENT = invest the money for profit
SAVING = give money, INVESTMENT = steal money
SAVING = borrow money, INVESTMENT = keep money in your bank
None of the above
