Financial Literacy Review

Which example shows an advantage of owning a car over leasing one?

Which of the following statements about check cashing companies is TRUE?

Which of the following is NOT a common feature of a financial institution?

The price of a single item within a group of items is known as the unit price of the item.

Which of the following is a possible tax or deduction that they may show up on your paycheck?

Net pay is the amount of pay earned for the total number of hours worked.

Which of the following should NOT be considered when setting a current budget?

Which is a tax-free savings account that can only used for educational expenses?

Which type of bank account typically offers the least (if any) interest?

In addition to needs, what should you plan for FIRST when creating a budget?

The purpose of a W-4 form is inform your employer of how much federal income tax to withhold from your paychecks.

Which item is important to consider when selecting a credit card?

Emergency funds are used for anything listed on the budget.

You'll get accepted to better colleges if you have a good credit score.

Which of the following statements about savings accounts is TRUE?

Secured loans are less costly than unsecured loans.

Wearing reflective clothing while biking at night is an example of a risk management strategy?

Using a loan could help with the purchase of which of the following?

Your job sends you a _______ form that tells you how much you've made and how much you've paid in taxes in the last year

Insurance CANNOT cover you or your property in case of an accident, theft, or another unpredictable event.