What is a credit score?

A number that represents creditworthiness

A loan to a company or government

A share of ownership in a company

What is a credit card?

A card that allows you to borrow money

What is a savings account?

An account that earns interest on money saved

What is a credit limit?

The maximum amount you can borrow on a credit card

Money borrowed that must be paid back with interest

What is the first step to creating a budget?

What is a checking account?

An account used for everyday spending

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CTE Financial Literacy

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Questions 12

Answers

1
What is a credit score?
A type of loan
A type of investment
A number that represents creditworthiness
A type of bank account
2
What is a bond?
A loan to a company or government
A share of ownership in a company
A type of investment
A type of bank account
3
What is a stock?
A share of ownership in a company
A type of loan
A type of bank account
A type of investment
4
What is a credit card?
A card that allows you to borrow money
A card that gives you free money
A card that allows you to invest money
A card that allows you to save money
5
What is a budget?
A type of investment
A type of bank account
A plan for spending
A type of loan
6
What is a savings account?
An account that allows you to borrow money
An account that allows you to invest money
An account that allows you to spend money
An account that earns interest on money saved
7
What is a mortgage?
A loan used to start a business
A loan used to pay for college
A loan used to buy a house
A loan used to buy a car
8
What is a credit limit?
The maximum amount you can borrow on a credit card
The minimum amount you can borrow on a credit card
The amount of money you owe on a credit card
The amount of money you have invested
9
What is a loan?
Money borrowed that must be paid back with interest
Money given that does not need to be paid back
Money saved that earns interest
Money invested that earns interest
10
Final Question
What is the best way to invest money?
What is the average American's credit card debt?
What is the first step to creating a budget?
What is the maximum amount you can borrow on a credit card?
11
What is interest?
The amount of money invested
The amount of money in a bank account
The cost of borrowing money
The amount of money owed on a loan
12
What is a checking account?
An account that allows you to invest money
An account that earns interest on money saved
An account that allows you to borrow money
An account used for everyday spending

CTE Financial Literacy Flashcards | StudBud