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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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StudBud Administration
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14 plays
#Finance #Financial #Money
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Retirement income paid by a company is called?
Rents & securities
Social security
Pension
2
How can you tell if your identity has been stolen?
You receive mail addressed to someone else
You receive bills for things you never buy
You receive lots of spam email
3
How much money should you keep as your emergency fund?
3% of your current salary
Equivalent of 3 to 6 months of living expenses
Nothing-just use your credit card
4
If you have lots of money, what is a safer way to invest your money?
Invest two or more businesses at once
Don't invest
Invest only one business
5
You can use a unit pricing to compare the cost of any brand at the grocery store?
False
True
6
How do a store credit card approve or reject you?
They make sure you look good in their clothes
They check out your credit score
They make sure you have spent money at their store
7
What are your chance of winning a six-number lottery?
1 in 5 million
1 in 10 million
1 in 200 milllion
8
What is the average number of years that college graduates pay back their student loans?
3 years
7 years
10 years
5 years
9
Which Activity can pose the greatest threat to your wallet?
Getting a latte at Starbucks every day
Borrowing money for a car you need to get to work
Spending without a plan
10
What is the most important thing you can do to build good credit?
Pay your bills on time
Pay the minimum rate every month
Throw away your credit cards and don't take out any loans
