stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Expensive cost for living Flashcards | StudBud
Explore
/
Expensive cost for living
Expensive cost for living
10 terms
·
StudBud Administration
·
17 plays
Imported from external platform
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Which of these has increased the most in price in recent years (2020–2024)?
Rent
Smartphones
Gasoline
Bread
2
If rent increases but your salary stays the same, what happens?
Your cost of living goes down
You get richer
Your financial stress increases
You can save more
3
Which is the minimum percentage you have to save from your incomes?
50%
90%
0%
10–20%
4
How can learning financial literacy help you in the future?
Helps make smart money choices and plan for goals
It won’t change anything
It’s just for accountants
Makes shopping easier
5
How do housing prices (rent and buying) affect young people's lives?
It becomes harder to save and gain financial independence
Housing prices don't affect young
Young people can save more
It’s easier for them to rent or buy a house
6
Which of the following is an effective method for combating the rising cost of living?
Reducing non-essential expenses and saving money
Ignoring price increases and continuing shopping
Avoiding extra work or part-time jobs
Taking large loans to buy expensive things
7
Inflation means that prices go down and people can buy more with the same amount of money.
False
True
8
Using a budget helps you control your spending and reach your financial goals.
False
True
9
What is the "cost of living"?
Monthly expenses needed to live
Only rent
The cost of a vacation
A new phone’s price
10
What is the main effect of a significant increase in energy prices (electricity, gas) on the cost of living?
Household incomes increase
Technology prices decrease
Production and transportation costs increase
Food prices decrease
