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Financial literacy Flashcards | StudBud
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Financial literacy
Financial literacy
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1
What is the definition of an asset?
Something that you buy that goes up in value.
A machine at the bank that you can take money out of.
Something that you buy that goes down in value.
A type of advertising that gets more people to buy something.
2
Product placement is:
The difference between types of products that a store will sell.
A type of dance that is popular on social media.
A type of hair style that influencers use on Tik Tok.
When a company pays to have their product in a movie or TV show.
3
Saving is fun and easy. Spending is rare and hard.
False
True
4
Buying generic products can save you money over buying the name brand products.
False
True
5
What year was metal money (coins) first created?
900 AD
600 BCE
200 AD
1800
6
A new phone that costs $500 today is worth how much after three years?
$131
$600
$35
$432
7
Why do advertisers use celebrities?
Fans want to use the same products as their idols.
Increase sales of a product.
Make ads more memorable.
All of the above
8
What % of kids ages 12-15 have savings of less than $1,000?
33%
61%
99%
15%
9
"Needs" are what we need to have to survive where as "wants" are things that are nice to have but not needed to survive.
True
False
10
What are some of the top ways advertising focuses on teens?
All of the above
Celebrity endorsements
Social media influencers.
Product placement
