stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Personal Finance Flashcards | StudBud
Explore
/
Personal Finance
Personal Finance
17 terms
·
StudBud Administration
·
130 plays
This Quiz is designed to test the knowledge of personal finance for junior high students.
Flashcards
17 cards
F
Practice quiz
P
Host live
L
Questions
17
Answers
1
This is a fee paid to use someone else's money.
Barter
Dowry
Cash
Interest
2
What is a plan for saving and spending called?
Debt
A Loan
A Budget
Income
3
Why is money management important?
It will ensure that I spend all of my money.
It will help me to save and spend appropriately.
It will make me rich with little effort.
It really isn't important.
4
Which is the best credit score?
850
10000
550
200
5
Which is a form of investing?
Real Estate
Earning Income
Buying Food
Selling Goods or Services
6
To prevent fraud you should
Use only WIFI to bank
Check your credit score every month
Change your passwords frequently
Use your SSN
7
The recommended amount of investment/savings is
10-20%
1-5%
100%
30-40%
8
This is a means of buying something now and paying for it later.
Income
Insurance
Credit
Debt
9
A debit card is like an electronic check.
True
False
10
A history of your ability to pay off debts is called
Mortgage
Loan forgiveness
Credit Score
Grace Period
11
Whose responsibility is it to file your income taxes?
You
The state you live in
Your employer
The federal government
12
Credit cards use
compount interest
simple interest
13
If you live in California you must pay state income taxes and federal income taxes
True
False
14
People who can borrow money with low interest rates are said to have what?
Zero Debt
Good Credit
Anything They Want
High Income
15
Select the least risky investment option.
The Stock Market
A Savings Account
A Bank Loan
A Friend's Company
16
A debit card charges interest, while a credit card does not.
True
False
17
A loan taken out to buy home is called a
Mortgage
Real Estate
Brokerage
Refinance
