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Financial Literacy Review Part 2 Flashcards | StudBud
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Financial Literacy Review Part 2
Financial Literacy Review Part 2
16 terms
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StudBud Administration
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1,124 plays
#consumer ed #financial literacy #Civics and Economics
Flashcards
16 cards
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Questions
16
Answers
1
the chance that your investment could lose value
return
risk
inflation
interest
2
What is tax day? (deadline to file tax return)
4/15
2/12
12/25
11/23
3
What organization enforces laws to protect our environment?
EPA
IRS
CPSC
FTC
4
What number would you divide your gross income by in order to calculate your weekly income?
12
365
52
26
5
Where can you store your non-cash valuables in a bank?
cashier's check
security deposit
safe deposit box
lease
6
Which of the following is
NOT
a credit bureau?
Equifax
TransUnion
Validati
Experian
7
Which of the following would
NOT
be included in a lease?
noisiness of neighbors
if utilities are included
pets that are allowed
rent due date
8
Which of the following is a flexible expense?
car loan
eating out in a restaurant
rent
insurance
9
What does investing in an I-savings bond provide you protection from?
losing your money
Inflation
value going down
Interest
10
The time period when you can pay your credit card bill and avoid paying interest.
grace period
interest period
free period
payment period
11
What is a tax-deferred retirement savings plan that uses the stock market?
mutual fund
401(k)
index fun
secured loan
12
What is property pledged to back a loan?
equity
credit
collateral
charge account
13
the income you earn on an investment
return
risk
stock
bond
14
What part of car insurance covers the damage done to another's vehicle?
comprehensive coverage
property damage liability coverage
medical coverage
renter's insurance
15
What is a benefit of having a higher credit score?
higher interest on loans
pay lower interest rates
less dates
more available cash
16
What can you use to make a purchase by electronically accessing your checking account?
Phone Card
Gift Card
Credit Card
Debit card