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Financial Literacy Review Flashcards | StudBud
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Financial Literacy Review
Financial Literacy Review
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Financial Literacy Review
Flashcards
31 cards
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Practice quiz
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Questions
31
Answers
1
What type of fraud? You get an email asking for money to help individuals in a foreign country.
Communications
Investment
Tax
Identity Theft
2
A Loan which the borrower must repay the amount in a specified number of equal payments
Open End Credit
Rent to Own Loan
Title Loan
Closed End Credit
3
Any one can open an account here.
Both
Credit Union
Bank
4
The borrower gives the lender his/her automobile title in exchange for a set amount of cash.
Rent to Own Loan
Closed End Credit
Open End Credit
Title Loan
5
Which of the following statements is NOT true?
People can develop human capital in a variety of ways.
Jobs are paid positions.
Most people have several careers throughout their lifetime.
6
Bank Statements are compared to the check register when ___________________ the account.
Check Register
Reconcilling
Check
Pin Number
7
A routine decision is...
A Decision that you linger on to and talk to people about
Complicated and deal with money
Simple and easy
A Dog
8
A legal document that acts like cash
Check
Reconcilling
Check Register
Debit Card
9
A resume is...
A Letter to your future employer
Summary of Skills, Education, Employment, etc
A Coloring Page
Personal Contact Information Only
10
1+1+2=
4
3
5
6
11
Offers financial services
Credit Union
Bank
Both
12
What type of fraud? A scammer used information that was carelessly discarded in the trash.
Skimming
Phishing
Diverting Mail
Stealing
13
A financial statement individuals can use to assist with money management.
Income
Spending Plan
Expense
Net Loss
14
What type of Fraud? A scammer has attached a device to gas pumps to access credit information.
Phishing
Diverting Mail
Skimming
Stealing
15
Constantly monitor financial information to reduce your risk of fraud.
True
False
16
When there is more income than expenses
Spending Plan
Net Loss
Net Gain
Income
17
Which of the following is NOT included in an individual’s credit report?
Current and past addresses
Account balances
Bankruptcies and foreclosures
Medical information
18
You must have this type of insurance if you are driving a car.
Property Insurance
Liability Insurance
Renters Insurance
Health Insurance
19
Debit Cards require using this to access the account to perform transactions
Reconcilling
Check
Check Register
PIN Number
20
Money spent when it comes to Spending Plans
Net Loss
Net Gain
Income
Expense
21
Transactions including deposits, checks, debit card, fees, & ATM use should be recorded here
Check
Reconcilling
Check Register
PIN Number
22
True or False: It is important to have a low interest rate when saving.
True
False
23
Insurance can be purchased to protect one from which of the following losses?
Health care expenses
Car maintenance
Stock market losses
Maintaining the price of your home
24
When reviewing a pay stub to see how much money earned
BEFORE
deductions u check which column?
Gross Income
Employer Contributions
Hours and Earnings
Net Income
25
Pasco High Schools mascot's name is
Sheldon
Sergio
Spike
Shaun
26
You have chosen your dog to be the beneficiary of a life insurance policy. What does this mean?
Your dog is required to serve as executor of your estate.
Your dog receives the proceeds if you die
Your dog will receive commission 4 selling u life insurance.
Your dog pay the insurance premiums to keep the policy.
27
Membership requirements to open an account
Both
Bank
Credit Union
28
A SMART Goal is...
Spunky, Manic, Amazing, Red, Timid
Specific, Measurable, Amazing, Realistic, Timed
Specific, Mental, Artistic, Realistic, Time-Bound
Specific, Measurable, Achievable, Realistic, Time-Bound
29
U have been approached by a person saying u do not owe taxes even though you have been working.
Credit Fraud
Communications Fraud
Tax Fraud
Investment Fraud
30
Managing money continuously through life in order to reach financial goals
Financial Goals
Financial Planning
Economics
Trade-Off
31
This class is called...
Money 101
Tech Literacy
Financial Literacy
