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Personal Financial Literacy Flashcards | StudBud
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Personal Financial Literacy
Personal Financial Literacy
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Flashcards
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Questions
10
Answers
1
Money that you wait to spend is called...
spendings
costs
extra
savings
2
When toilet paper was in high demand, there was more of it at the store.
False
True
3
Which of the following would NOT help you earn more income as a teacher?
more degrees from college
having the funniest jokes
working a second job
more years of experience
4
Salary makes up part of your income
True
False
5
Sometimes when you borrow money from someone you have to pay some extra money, called...
factors
demand
extras
interest
6
Select a way to use extra money.
let someone borrow it and charge them interest
give it to someone who needs it
save it for a big purchase in a few years
buy a new car
7
Select the factor that could cause higher milk prices in the United States.
more baby horses born
less cheese production that uses milk
less cows to make milk
great weather on dairy farms
8
If someone's salary is $10 an hour, what is their income after 5 hours?
$15
$55
$50
$5
9
If you can trust someone to pay you back, then they have good credit.
True
False
10
It is impossible to get income from more than one source.
False
True
