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Rock Financial Literacy Flashcards | StudBud
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Rock Financial Literacy
Rock Financial Literacy
20 terms
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StudBud Administration
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A quiz on Financial Literacy. This is basic and easy, but has some hard questions added in!! :)
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
How do most adults get paid?
direct deposit
check
cash
2
If you earn money weekly it is known as earning what?
Wages
salary
3
Budgeting is a wise way of managing money.
False
True
4
How much do you know about banks, credit cards, and budgeting?
I know it all :)
Nothing
A little bit
5
How often does a person on a ‘Salary’ usually get paid?
Every Year
Every 2 weeks
Every day
6
The number 1 reason to get a credit card is because it makes you look cool.
True
False
7
How much do you think a loaf of bread costs?
$2.00
$50.00
$10.00
8
A debit card and a credit card are the same thing.
False
True
9
Your gross income is higher than your net income.
False
True
10
What kind of income would you be earning if you were paid $50,000 per year?
Wages
Fees
Salary
11
It costs money to set up a direct deposit.
False
True
12
Where does money come from for most people?
Winning the lottery
Money Trees
Working and Earning it
13
When a note or coin is damaged or transformed what is it called?
Demonetized
Dishonored
Defaced
14
Do you have a bank account now?
Nope, not yet.
Yup!
15
Who has to pay Income Tax?
Only children
everyone who earns money
only adults
16
Budgeting helps you feel more in control of your money.
False
True
17
A form of payment used to buy things when you're using someone else's cash and are paying back.
credit card
cash
ATM card
18
What is the current minimum wage in Minnesota?
$1.00/hour
$20.00/hour
$9.86/hour
19
What is it called when cash is deposited directly into a persons bank account?
credit card
debit card
direct deposit
20
If I gave you $25, how likely would you be to save $10 of it?
Very likely
Not at all likely
