stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Gilded Scholars Financial Literacy #1 Flashcards | StudBud
Explore
/
Gilded Scholars Financial Literacy #1
80 to 100 is a
A business credit score is usually measured from
Gilded Scholars Financial Literacy #1
73 terms
·
StudBud Administration
·
42 plays
Imported from external platform
Flashcards
73 cards
F
Practice quiz
P
Host live
L
Questions
73
Answers
1
A business credit score is usually measured from
0 to 1000
0 to 1,000,000
0 to 10
0 to 100
2
80 to 100 is a
Scary risk business credit score
High risk business credit score
Low risk business credit score
Moderate risk business credit score
3
An owner of a property who rents the property to another is called a
Real estate agent
Locksmith
Land lord
Door man
4
Always repay what you owe.
True
False
5
Good credit helps you make large purchases like _______________.
A PS5 or an Xbox
A car or a house
Dinner or a movie
A giraffe or an elephant
6
The increase in value of an asset over time is called?
Appreciating value
Equity
Depreciating value
Savings
7
What your property is worth minus what you owe on it is called
Equity
Debit
Utility
Credit
8
What is credit?
The ability to start a business
The ability to borrow money
The ability to save money
The ability to use a credit card
9
Landlords get paid rent every
Year
Month
Minute
Hour
10
The fair market value of property or land is called
Real estate
Cash value
Bookkeeping
Property Value
11
Payments made by a company to it’s shareholders are called
Back Ends
Dividends
Paychecks
Deposits
12
Another name for the water, gas or electric bills is called the
Mortgage bill
Utility bills
Periodic table of elements
Agua
13
What does APR stand for?
Actual property rate
Always pay residential
Annual payment rate
Annual percentage rate
14
The highest position obtainable within a company is a
CEO
Manager
Team leader
President
15
An investment account with tax benefits designed to save money for college
529 plan
600 plan
429 plan
499 plan
16
Anything of value that can be converted to cash.
Liabilities
Assets
IRS
Blessings
17
Another name for 529 plan is called a
Quarter two pennies
Fiv tu nine plan
Quality tuition payment
Qualified tuition program
18
How often do you have to pay a mortgage?
Every day
Once a week
Once a year
Once a month
19
Investing in an immovable property is known as
Dishwasher
Renting
Car dealer
Real Estate Investing
20
Property to live on is called
Commercial real estate
Home Depot
Residential real estate
Museum
21
A principal amount is
The amount you borrowed
The amount you owe the principal
The amount your principal has in their bank
Appreciating value
22
HOA charges monthly fees to home owners.
True
False
23
In about half the states , the fee to start an LLC is about
$200 to $1000
$50 to $100
$150 to $200
$0 to $50
24
When the value of currency goes down causing the price of goods and services to go up is called
Inflation
Deflation
Ballooning
Income
25
4 times a year is the same as
Quarterly
Monthly
Annually
Weekly
26
Entrepreneurs take on a greater than normal financial risk.
False
True
27
Replacing your current loan with a new loan is called
Change
Borrowing
Business loan
Refinancing
28
UGMA main purpose is to __________ assets for children
Study and research
Lose and forget
Hold and protect
Figure out some
29
Another word for risk is
Chance
Loss
Push
Power
30
Something a person or company owes usually in the form of money.
Magicians
Bank robbers
Liabilities
Assets
31
How many times do we pay property taxes each year?
Once a year
Four times a year
Twice a year
Whenever we buy food
32
The value of an asset minus what you owe on it is called?
Income
Stock
Equity
Debt
33
A housing boom is also called a
Firework
House fire
Housing giant
Housing bubble
34
In Indiana, registering an LLC costs about
$0
$50 to $250
$95 to $100
$100 to $200
35
529 plans are ________ when used to pay for educational expenses
Tax-free
Expensive
Bug free
Not free
36
A promise to pay issued by a country’s central bank is called a
Banknote
Bank fee
Promise note
Cryptocurrency
37
If you owe somebody that means your in
A bank
Debt
A cave
For a ride
38
A retirement account that allows you to invest and withdraw your income tax-free
Deposit
Roth IRA
529 plan
Bank loan
39
Cutting grass is a type of
Lawnmower
Maintenance fee
Job for professionals only
Small fee
40
What does HOA stand for?
Home Owners Association
House of Ants
Home Owners Auction
Homes Of America
41
Kids can invest in stocks when their parent or guardian opens a
Custodial account
Piggy bank
Stocking account
Kid account
42
What are two types of real estate?
Commercial and renting
Commercial and residential
Hotels and gas stations
Renting and building
43
What does it mean to own stock?
Purchasing securities that represent ownership of a company
Putting groceries away
Stacking boxes
Santa’s stockings
44
When the price of houses goes up quickly it is called a
Poor neighborhood
Housing boom
Housing expense
Rich neighborhood
45
A property for businesses and workspaces is called
Residential real estate
Movable property
Government real estate
Commercial real Estate
46
The average student loan debt is between
2 to 4 dollars
1,000 to 2,000 dollars
$50,000 to $100,000 dollars
37 to 39,000 dollars
47
It's like a report card letting you know how well you did by paying money back you borrowed.
Credit authorization
Bank statement
Credit report
Debt collection
48
Fixing and remodeling your house is one way to build _______.
Equity
Numberblocks
Eachother up
A foundation
49
The opposite of profits are ________.
Revenue
Banks
Losses
Loans
50
What does UGMA stand for?
Understand Good Money Application
Uniform Gifts to Minors Act
United Governors Money Association
Usually Gardens Make Apples
51
What is credit utilization?
The % of credit cards declined
The % of the total credit you are using.
The % of money you have left in the bank
The % of credit you need
52
How does credit affect your life?
Bad credit causes you to shop more
It doesn’t affect you
It will make you homeless
Good credit gives you more opportunities for funding
53
Offices, stores, and land are examples of
I don’t know
Commercial real estate
Mortgage loans
Residential real estate
54
A retirement account that you can use to make crypto and real estate investments is called a
Family-directed IRA
Retirement account
Self-directed IRA
Savings account
55
Most loans must be repaid with ________.
Cash
Interest
Net 30 accounts
Grants
56
Dividends are what companies use to pay ______________ of stocks.
Shareholders
Users
Friends
Entrepreneurs
57
A person that organizes and operates a business or businesses
Locksmith
Scientist
Entrepreneur
Cashier
58
Houses, apartments and condominiums are examples of
Wall Street
Black Wall Street
Residential real estate
Commercial real estate
59
A person who owns one or more shares of a company is called a
Dog owner
Club owner
Shareholder
Partnership
60
Most dividends from stocks are paid how many times a year?
Four times a year
Every day of the year
Once a year
Twice a year
61
A home is an asset but a mortgage is a __________.
Rent
Asset too
Liability
Deposit
62
What does it mean to default on a loan?
A new loan is due
Failure to make a deposit
Failure to answer the phone
Failure to repay the debt
63
A loan is
Free money
Money you save
Money you don’t have to pay back
Money, property, or goods borrowed in exchange for future repayment
64
A loan to help you buy property is called a ___________.
Toy loan
Paycheck loan
Mortgage loan
Property loan
65
Money that is earned from a business or businesses is called a
Deductible
Cash out
Profit
Loss
66
At what age can students start applying for grants and scholarships?
18
13
4
Any age
67
Apply for your LLC online or by mail with who?
The CEO of the company
The Secretary of State
The LLC department
The federal government
68
The process of setting up a business or businesses.
Contractor
Landlord
Entrepreneurship
Dealer
69
What does CEO stand for?
Chief executive officer
Company entrepreneur online
Chief expert officer
Cancel equity online
70
Money that a person receives for working or a business is called
Income
Allowance
Tax return
Asset
71
What is a business credit score?
A number that lets you know if a company has a million dollars
An LLC
A score that means the business is winning the game
A number that lets you know if you can trust a company with a business loan
72
Annually means
Once a year
Every other year
Every season
Twice a year
73
Another name for a shareholder is a
Agent
Cup holder
Stockholder
Business man