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Financial Literacy Review Flashcards | StudBud
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Financial Literacy Review
Financial Literacy Review
15 terms
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StudBud Administration
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math
Flashcards
15 cards
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Questions
15
Answers
1
Answer the following questions
D
C
B
A
2
Fixed expenses are....
payments that occur on a regular basis
money you spend, but it doesn't occur on a regular basis
things you grow in a garden with carrots
3
Answer the following question
D
A
C
B
4
Answer the following question
C
A
D
B
5
Answer the following question
$837
$1,184
$315
$954
6
What are some advantages of using a financial institution, like a bank?
You get a free car when you open a bank account
You're money is safe and locked up
You can earn interest on your money
People with sing songs to your money when you are not there
7
Trent kept track of his leaf-raking business as shown. What was his profit?
$60.72
$11.28
$72
8
If you give money to a church or local charity, you are
spending
saving
sharing
being eco-friendly
9
When you make a withdrawal on your account you are
adding money to your account
taking money out of your account
keeping your account the same
going to Austin with Miss Solnek on vacation
10
What are some disadvantages of using a financial institution like a bank?
It is not as convenient as a piggy bank
Someone could easily steal it
The bank steals money when you're not looking!
11
Variable expenses are....
things you grow in a garden with carrots
payments that occur on a regular basis
money you spend, but it doesn't occur on a regular basis
12
Are you ready to rock that STAAR Test?!?!?
OH YEA BABY!!
TOTALLY!!
YES!
13
When you deposit money into your bank account, you are
multiplying your account balance by 3
giving the lady at the bank lollipops
taking money out of your account
adding money to your account
14
If you take out a loan or use a credit card, you usually have to pay it back with
Starbucks
varied expenses
interest
account balance
15
What is profit?
The money you owe the bank when you take out a loan
The money you make after all your expenses
$100 cash money!
The things you consistently pay for every month
