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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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A study guide for me to use to study and prepare myself for the unit two Bank and Finance test.
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Identity Theft can _______ your _________
help,credit
steal,bank account
ruin,credit
increase,credit
2
What is a Scam?
generous gift of money or time to a person or organization
requests for money
phony business deal to help people but get things in return
money put into an account
3
What is a Checkbook Register?
not established for the purpose of making a profit
log of deposits and withdrawals from a checking account
balance of an account on the day the bank runs
specific listing individual pieces or units of information
4
What is Discretionary Expense?
money
lalllllaaaaa
Expense that changes every month
money left over each month after all bills have been paid
5
What is an itemization
specific listing individual pieces or units of information
conversion of a message,
initiated or operated for the purpose of making a profit
services which are delivered via a form of technology
6
What is fixed income?
same amount of money earned on a set interval basis
bill which is a different amount each month
amount of money that changes
requests for money, services, donations,
7
What is an intermediate goal? A goal you want to ...........
achieve in more than 12 months, but less than 5 years
achieve in more than 6 years but less than 10 years
achieve in 6 years
achieve in 7 years
8
What is a Charitable Donation?
Generous gift of money or time to a person or organization
Services which are delivered via
Taking away money from a person or organization
Money put into an account
9
What is a billing cycle?
schedule of recurrent times
money put into an account
amount of money earned is not the same each pay period
conversion of a message
10
What is a Short-Term Goal?
a goal you want to achieve in at least 2 years
a goal you want to achieve in at least 5 years
a goal you want to achieve in less than 12 months time
a goal you want to achieve in less than 3 months time