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Bonus Financial Literacy Quiz #1 Flashcards | StudBud

Explore/Bonus Financial Literacy Quiz #1

Bonus Financial Literacy Quiz #1

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Questions 10

Answers

1
You should…
track expenses
evade taxes
commit mass robbery
save money
2
Expenses that are liable to change short-term are known as…
family budget
periodic expenses
Gucci bags
variable expenses
3
Brokerage means…
the process of buying and selling securities
expenses that are relatively constant each month
the process of producing securities
the process of breaking a bone
4
About how long should a long-term goal be reached in?
3+ years
6000+ years
3+ months
5+ seconds
5
Risk can be reduced by…
wearing a seatbelt
fixed expenses
insurance
higher earnings
6
Balanced budget is…
saved money that adds up over time
where total expected revenue is equal to total planned spending
money on a balance scale weighing the same
money doing leaps on a balance beam
7
ATMs are offered at finance institutions
True
False
8
Disposable income is what someone owns
False
True
9
SMART means…
a measure of acedemic intelligence
Save, Mortgage, Assets, Rate, and Rreasury
spending money wisely
Specific, Measurable, Achievable, Realistic, and Time-bound
10
If assets are greater than liabilities then it has a positive net worth
False
True