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Finance Flashcards | StudBud
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Finance
Finance
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Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Being a bank robber is an easy way to make money.
True
False
2
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Yes!
3
Investing is always a bad idea.
False
True
4
What is a loan taken out for a house called?
Home Loan
House Money
Mortgage
State Loan
5
What is minimum wage?
$6 an hour
$2 an hour
$7.25 an hour
$100 an hour
6
When someone takes money out of their bank account it is called a _________________
Withdrawl
Interest
You can't take money out of a bank account.
Deposit
7
What is mileage?
The amount of miles on a car
How many miles the car has left
Mileage doesn't exist
How many miles the car comes with
8
Debt is when you have too much money.
False
True
9
What does a bank get when one deposits money?
50% of the money
All your money
Interest
75% of the money
10
How much is this bill worth?
$10
$5
$2
$50
11
Buying a Porsche as a first car is a GREAT choice.
True
False
12
What is tax?
Money for children
Money to make more electronics
Amount of times one has ran a red light
a charge usually of money imposed by authority on persons or property
13
Most people buy a house in cash.
True
False
14
What is net worth?
Internet safety
A measure of wealth
A Bank
Website Worth
15
What is the first payment made on a house, car, or other item called?
A down payment
The first payment
16
All people are required to pay tax on income they make.
True
False
17
To deposit money in a bank, you must have an account.
True
False
18
What is a budget?
Money for a video game
5 million dollars
Money for a laptop
an estimation of revenue and expenses
19
When one deposits money, the bank takes it all.
True
False
20
The bank is required to double any money deposited.
True
False
