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Financial Literacy Pretest Flashcards | StudBud
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Financial Literacy Pretest
The money you make after you have paid all your expenses
Water is a
Financial Literacy Pretest
10 terms
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Answers
1
Water is a
want
luxury
inferior good
need
2
The money you make after you have paid all your expenses
income
costs
budget
profit
3
What you would like to have but do not really need
necessities
needs
wants
luxuries
4
What you owe other people or organisations
Income
Debt
Money
Tax
5
A plan showing where your income will come from and where you think you will spend it
schdeule
budget
financial plan
receipts
6
money you have borrowed to buy a house
EFTPOS
mortgage
personal loan
credit card
7
Buying or creating an asset you expect to increase in value
house
stocks
investment
car
8
The value of one country's currency in terms of another country's currencey
mortgage rate
ratio rate
exchange rate
interest rate
9
A rate which is charged or paid for the use of money
money rate
debt rate
interest rate
mortgage rate
10
Money you have not spent and have put away (for example in the bank)
kiwisaver
investment
spending
savings