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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Flashcards
30 cards
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Questions
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Answers
1
Ms. Torres has a salary of $19,231. How much would she make in ten years?
$19,231
$1,923,100
$190,231
$192,310
2
What is awarded to students based on various achievements and does not have to be repaid?
Scholarship
Work Study
Grant
Loan
3
Using a ____ ____ will take money directly out of your account.
Credit Card
Credit History
Savings Account
Debit Card
4
Which person is most likely to get a loan?
Thorne
Myers
Murphy
Spiller
5
What is given to students with the most financial need to help them pay for college?
Grants
Scholarships
Work Study
Student Loans
6
Simon earns $2300/month & Billy earns $5100/month, how much more does Billy make in a year?
$2,800
$33,600
$69,000
$3,600
7
If Frank averages 20 transactions a month, which bank should he choose?
First Star
Lane Avenue Bank
8
Who has to attend college and get a doctoral degree?
Veterinarian
Engineer
Football Player
Fitness Trainer
9
If an auto mechanic makes an annual income of $33,934, what will he make over 10 years?
$33,340
$33,940
$339,340
$3,394,000
10
If you have a good credit history, you can get a ___, but you have to pay it back w/ interest.
Student Loan
Checking Account
Grant
Scholarship
11
How long will negative actions remain on credit history?
7 months
7 years
7 days
7 decades
12
Place that holds money for you:
Deposit
Income
Withdrawal
Bank
13
What job is not required to have a degree?
Electrician
Taxi Driver
Plumber
Mechanical Engineer
14
What is a similarity between debit and credit cards?
Small and made of plastic
Paid when bill arrives
Interest fees are charged
Require PIN #
15
How much money you earn over the years you work is called...
Savings Account
Lifetime Income
Interest
Checking Account
16
Ian's check register balance was $125. He buys groceries for $23. What is his balance?
$2
$102
$100
$148
17
Joel has an annual salary of $44,352 and works 48 weeks a year.How much would he make per week?
$923.73
$2,128,896
$924
$921.24
18
What should be used in this situation: Phil entered his PIN at an ATM to complete a transaction
Debit Card
Credit Card
Gift Card
Cash
19
What happens if you are on a scholarship, but you fail all of your classes for two semesters?
They give you easier classes to help you pass
You are given a couple more chances to make it up
Lose your scholarship and pay for college yourself
All of your teachers bring your grades up to help you
20
Which of these options will NOT subtract money from an account?
Deposit
Check
Withdrawal
Transfer
21
Which actions will lower your credit score?
Borrowing money that you can repay.
Paying bills on time
Paying bills late
Having a balance of $0 on your credit card
22
Who makes the least amount of money every year?
Doctor
Teacher
Cashier
Accountant
23
How long does information stay on your credit history?
10 years
7 years
2 years
1 year
24
How would one late car payment from 2 years ago affect getting a car loan?
More likely to get a loan
Less likely to get a loan
It won't affect getting a loan at all
25
Money you take from an account:
Bank
Withdrawal
Income
Deposit
26
How can students pay for college by working part time while going to school?
Student Loans
Grants
Scholarship
Work Study
27
Which of these can have a positive effect on your credit score?
Late Payments
high monthly debt repayment
A new job
paying credit card balance monthly
28
Money you put into a bank account:
Income
Bank
Deposit
Withdrawal
29
Money you earn:
Deposit
Bank
Withdrawal
Income
30
This situation describes what: Ryan bought groceries and paid for them at the end of the month.
Credit card
Debit Card
Check
Gift Card