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Financial Literacy Flashcards | StudBud

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Financial Literacy

11 terms·StudBud Administration·2 plays

Test your knowledge on personal finance and money management

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Questions 11

Answers

1
What is a common reason for overdue payments?
Lack of investments
Too many savings
Unexpected expenses
High interest rates
2
Which is a sign of good financial health?
Overdue payments
Low debt
No savings
High spending
3
True or false: Savings accounts earn no interest.
True
False
4
Which is a benefit of savings accounts?
High risk
Guaranteed interest
No fees
Limited access
5
Which is a type of investment?
Overdue bills
Monthly budget
Loan repayment
Real estate
6
True or false: A mortgage is a type of loan.
False
True
7
True or false: Investments are always safe.
True
False
8
Which is a risk of investments?
Loss of capital
Guaranteed returns
Fixed interest
No fees
9
True or false: A budget helps you save money.
True
False
10
Which is a common budgeting tool?
Savings bond
Spreadsheet
Loan agreement
Credit card
11
What is a common reason for taking a loan?
Dining out
Buying a home
Shopping spree
Traveling abroad