stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
What is a goal?
Common Employee Benefits
Financial Literacy
20 terms
·
StudBud Administration
Financial Literacy Test Review
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
Common Employee Benefits
Paid Vacation Holidays
Paid Sick Days
Life Insurance
Health Insurance
2
What is a goal?
Earn a college degree
Lose 15 pounds
Graduate from high school
Get a job
3
Other Taxes
Gasoline
pets
Sales
Property
4
What are Tax Forms? (Choose 3)
W-2
Federal Tax
247ec
1040EZ
5
Who Looks at Your Credit?(Choose More Than 2)
Mortgages
Store Cards
Personal Loans
Parents
6
What Is Financial Institutions? (Choose More Than 2)
Loan Agencies
Banks
investment brokers
Credit Unions
7
What are Needs?
Essentials…the basics of life
Clothing
Shelter
Food
8
What is tax money used for? (Choose 3)
Road maintenance
lottery
Research
Bridges
9
What Is Components of a Financial Plan
a car
Goals
spending money
buying clothes
10
What is wants? (Choose 3)
Car
cool car
Food
big house
11
What Is Time-bound Goals
6 month and longer
Short Term Goals
Long Term Goals
Present to 6 months
12
What is a Checking Account? (Choose 3)
bank
Check
Debit card
Internet
13
What Is Values? (choose 4)
Friends
Family
Honesty
Work
14
What is Voluntary Payroll Deductions? (Choose 3)
Charitable Contributions
nothing
Retirement Savings
Union Dues
15
What Is Sources of Income
Awards
Lottery
Wages and Salaries/Allowances
Gifts
16
What Is The Decision-Making Process? (more than 2)
Identify the problem
Consider consequences of each alternative
Gather information and list possible alternatives
Select the best course of action
17
What Is Financial Planning? (Choose 3)
is a thinking process that helps achieve goals.
More than budgeting
spending money
More than investing
18
How do I make a Financial Plan?(choose 2)
bank
at home
Monthly Income
Savings/Investments
19
How do I make a Financial Plan? (More than 3)
Start something new
Expand the current situation
Change the current situation
Continue the same course of action
20
Reasons for Bankruptcy? (Choose More Than 2)
Credit Card Debt
Business Losses
Job Loss
Natural Disaster
