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Beginning Financial Literacy Flashcards | StudBud
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Beginning Financial Literacy
Beginning Financial Literacy
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1
What is a Mortgage?
Sales Tax
A type of loan used to buy property
APR
Large sum of money towards a property upfront
2
How many students work a part-time job?
80%
50%
100%
10%
3
Since the job market constantly changes, odds are that you will work in more than one career field in your lifetime
True
False
4
Wage is defined as a fixed regular payment made by an employer to an employee, usually dependent on hours worked.
True
False
5
Student Loan is defined as money lent to you by the federal government with the intention that you will pay it back.
True
False
6
Which of the following drivers will likely pay the highest auto insurance premiums?
Married Couples
Older 60 and up
Younger , inexperienced drivers
7
What type of bank account offer the most money with the fewest restrictions?
Savings Account
Checking Account
Loans
Credit Account