An over draft fee of $35 can be charged to you if...

you spend more money than you have in your account

Self-disciplined people make budgets to...

track, manage, and plan income and spending

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Financial Literacy Week 3 Review

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Questions 12

Answers

1
An over draft fee of $35 can be charged to you if...
writing the wrong payee on a check
are below the minimum balance
you are playing fantasy football
you spend more money than you have in your account
2
What is probably the best finacial investment that a young person can and should make?
a certificate of deposit (CD)
an expensive car
a Roth IRA
a money market account
3
A good alternative to Big banks is...
Keeping cash at home
a brokerage account
a credit union
a debit union
4
A debit card lets a person pay for things using money in their...
savings account
investment portfolio
checking account
credit card
5
Self-disciplined people make budgets to...
sell on the internet
track, manage, and plan income and spending
organize their credit cards
invest in the stock market
6
These are probably the 2 most important things to consider, when getting a bank account:
Size and reputation
brick and mortar
Morality and social justice
no fees and no minimums
7
Paying attention and concentrating on the assigments in Financial Literacy class is...
very important
won't make any difference
is stupid and too much
less important than playing on my phone
8
Saving 20% of $500 per month from the age of 16 to 18 would total close to...
$5000
$10,000
$1250
$2500
9
After you get a job where taxes are taken out of your pay, what could you do to get a Roth IRA?
Call a brokerage, like Vanguard
Talk to someone at a bank, by phone or in person
Google "how to get a Roth IRA" and then do it
All of the answers
10
A savings accout in a bank is good for growing your money.
False
True
11
The nine digit number at the bottom left of a check, which identifies the bank, is called...
a savings number
a routing number
a checking number
an account number
12
Financially literate individuals, who are under the age of 40, consider investing in a retirement account...
a want
a luxury
a need
an extravagance

Financial Literacy Week 3 Review Flashcards | StudBud

Financial Literacy Week 3 Review

12 termsStudBud Administration1,697 plays

Imported from external platform

Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
An over draft fee of $35 can be charged to you if...
writing the wrong payee on a check
are below the minimum balance
you are playing fantasy football
you spend more money than you have in your account
2
What is probably the best finacial investment that a young person can and should make?
a certificate of deposit (CD)
an expensive car
a Roth IRA
a money market account
3
A good alternative to Big banks is...
Keeping cash at home
a brokerage account
a credit union
a debit union
4
A debit card lets a person pay for things using money in their...
savings account
investment portfolio
checking account
credit card
5
Self-disciplined people make budgets to...
sell on the internet
track, manage, and plan income and spending
organize their credit cards
invest in the stock market
6
These are probably the 2 most important things to consider, when getting a bank account:
Size and reputation
brick and mortar
Morality and social justice
no fees and no minimums
7
Paying attention and concentrating on the assigments in Financial Literacy class is...
very important
won't make any difference
is stupid and too much
less important than playing on my phone
8
Saving 20% of $500 per month from the age of 16 to 18 would total close to...
$5000
$10,000
$1250
$2500
9
After you get a job where taxes are taken out of your pay, what could you do to get a Roth IRA?
Call a brokerage, like Vanguard
Talk to someone at a bank, by phone or in person
Google "how to get a Roth IRA" and then do it
All of the answers
10
A savings accout in a bank is good for growing your money.
False
True
11
The nine digit number at the bottom left of a check, which identifies the bank, is called...
a savings number
a routing number
a checking number
an account number
12
Financially literate individuals, who are under the age of 40, consider investing in a retirement account...
a want
a luxury
a need
an extravagance