stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
7th WA State History - Financial Literacy Flashcards | StudBud
Explore
/
7th WA State History - Financial Literacy
7th WA State History - Financial Literacy
14 terms
·
StudBud Administration
·
11 plays
Imported from external platform
Flashcards
14 cards
F
Practice quiz
P
Host live
L
Questions
14
Answers
1
How can you raise your credit score?
By making late payments.
By using your credit card every day.
By always paying your credit card bill in full and on time.
By never using your credit card.
2
What card allows you to pay back the money you spend later?
Credit
Debit
3
You can get a better interest rate on a mortgage if you have a good credit history.
False
True
4
What is a mortgage?
A loan to buy a house
A loan to buy a car
A loan to go to college
A loan to buy groceries
5
What percentage of your income should you plan to save, ideally?
40%
25%
60%
10%
6
Young people with no credit history will have a really high credit limit.
False
True
7
Which card pulls money out of your account as soon as you use it?
Credit
Debit
8
What is a "trap" for adults that often results in overspending?
Dining out
Higher education (college)
Bills
Buying groceries
9
It is important to know how you are being targeted by marketers.
True
False
10
How can you earn more money at your job?
Only work on weekends.
Switch jobs when you get bored.
Seek further education where it makes sense.
Offer to wash your boss's car.
11
How much of your income should you try to give away? Giving is some of the most fun you can have with money!
30%
2%
10%
15%
12
What is higher priority?
Things you WANT
Things you NEED
13
What do banks charge when you take out a loan?
Nothing, loans are free
Mortgage
Capital
Interest
14
What is the last day of school and last day to turn in work in this class?
Wednesday, June 18
Monday, June 16
Friday, June 20
Monday, June 23