Supplemental Nutrition Assistance Program

What does TANF stand for?

Temporary Aid for Needy Families

What is human capital?

Skills and talents used for goods

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Financial Literacy Quiz

18 termsStudBud Administration29 plays

Test your knowledge on budgeting, expenses, government programs, and financial concepts in this engaging quiz.

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Questions 18

Answers

1
What is the role of consumer reviews?
To reduce quality
To mislead buyers
To inform decisions
To increase prices
2
What is a fixed expense?
Rent
Entertainment
Clothing
Groceries
3
What is a benefit of higher education?
Guaranteed job
Higher income
Less responsibility
More free time
4
What is SNAP?
Supplemental Nutrition Assistance Program
Senior Nutrition Assistance Program
State Nutrition Aid Program
Student Nutrition Aid Program
5
What is an apprenticeship?
Online course
Job training
Part-time job
Volunteer work
6
How can you improve human capital?
Eating healthy
Sleeping more
Taking classes
Watching TV
7
Why should you budget for emergencies?
To buy luxuries
To avoid debt
To save for vacation
To pay taxes
8
What is the benefit of financial aid?
Decreases study time
Reduces tuition costs
Increases loan interest
Guarantees a job
9
What is opportunity cost?
Cost of groceries
Interest on loans
Fixed monthly bills
what you give up
10
What does TANF stand for?
Tax Assistance for New Families
Tuition Aid for Needy Families
Temporary Aid for Needy Families
Travel Aid for Needy Families
11
What is the purpose of CHIP?
Health insurance for children
Life insurance for seniors
Travel insurance for families
Dental care for adults
12
What is human capital?
Money saved
Physical assets
Company shares
Skills and talents used for goods
13
What is a variable expense?
Groceries
Insurance
Utilities
Rent
14
What is a budget?
A spending plan
A savings account
A tax form
A loan agreement
15
What is an example of a trade school?
Law school
Cosmetology
Business school
Medical school
16
What is Medicare?
Dental care for adults
Health insurance for seniors
Life insurance for children
Travel insurance for families
17
What is the purpose of a budget?
Track expenses
Avoid taxes
Increase debt
Reduce income
18
Which program supports low-income families?
CHIP
401k
Medicare
SNAP

Financial Literacy Quiz Flashcards | StudBud