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Money Matters Class Flashcards | StudBud
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Money Matters Class
Money Matters Class
20 terms
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Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
When you don't pay your car note and the bank takes it back, it's called foreclosure
True
False
2
What do I need to open a bank account?
A credit card
Just walk in and request one
Cash only
Some form of identification, a deposit of cash or check.
3
Do I need to learn about paychecks before I have a job?
No
Yes
4
When you do not pay your mortgage, and the bank takes your house it's called being repossessed
False
True
5
Money Matters is a beneficial class during and after high school
False
True
6
Housing prices can never go down
True
False
7
Define Net Pay
My total paycheck
When benefits are not taken out.
The total amount an employee is paid after all deductions
What my taxes say I make
8
Define Gross Wages
What my job says I make.
My paycheck
The amount an individual makes prior to any deductions
The amount and individual makes after any deductions
9
Texas is a state that allows for State Taxes
True
False
10
Will Money Matters teach me about paychecks and benefits?
Yes
No
11
Paying your bills late can hurt your credit score
True
False
12
What is the difference between a want and a need?
New J's
Louis Vuitton Handbag
iPhone 14
Apartment/Home
13
A credit card can help your credit score if you pay the bill correctly
True
False
14
You will receive a tax refund 100% of the time
True
False
15
Will you learn about Web Ethics in Money Matters?
Yes
No
16
Is Bullying a part of Web Ethics?
Yes
No
17
You have to have credit to buy a house
False
True
18
How old do I need to be to open a bank account without my parents?
21
16-18
16 Firm
18 Firm
19
Money Matters will teach you about?
Everything Money
How to save/spend money
All about budgets
Economics, Employee Compensation, Car Buying Basics, Budgeting.
20
Grants for school have to be paid back
False
True
