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Our money our future quiz Flashcards | StudBud

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What is saving?

What are the financial skills?

Our money our future quiz

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Questions 10

Answers

1
What are the financial skills?
Money, cost, and budgeting
Spending, business, and reading
Saving, spending, and cost
Financial management, budgeting, and saving
2
What is saving?
Putting aside money for the future
Putting money in the bank
Spending money
Saving for future investments
3
What are the components of financial literacy
Earn, Spend, Save, Borrow, Protect
Borrow, Spend, Read
Protect, Budget, Save, Borrow
Earn, Spend, Save
4
What is financial literacy?
Ablility to understand and apply financial skills
Ability to not understand financial literacy
Ability to read about finance
Ability to understand business and money
5
There are 6 components of financial literacy
True
False
6
What does the CCPC stand for?
Competition protection commission
Costing and consumer protection commission
Competition and consumer protection costing
Competition and consumer protection commission
7
What is the rule for saving and spending?
30/50/20 rule
50/30/20 rule
50/13/20 rule
60/30/20 rule
8
What are some ways you can protect yourself from scams?
Don't give out your personal information
Block unknown numbers
All of the above
Don't give out your bank details
9
Have you ever been scammed?
YES
Prolly not
maybe...
Definitely
10
Reviewing budgets and increasing emergency savings can protect your money
True
False