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Financial Literacy for APSA Flashcards | StudBud
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Financial Literacy for APSA
Financial Literacy for APSA
26 terms
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Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
Are credit cards considered "free money"?
True
False
2
Who should you ask about financial literacy questions?
Parents /Relatives
All of the above
Boss
Bank Adviser
3
How many states do NOT have personal finance standards?
25
46
15
5
4
What do you need to acquire a credit card?
Enough Money to buy something expensive
Financial Stability
No Job
Be 18
5
What are assets?
One's material properties, such as a cell phone
One's decor, such as office furniture and bedding
One's family, such as parents or a pet
One's possessions, such as a house or a bank account
6
How many states make a course in economics obligatory for high school students, which is three more than in 2018?
41 states
25 states
14 states
36 states
7
What are expenses?
The money one gives away
The money one earns
The money one spends
The money one saves
8
These concepts prepare students for the financial literacy world...
Fixed Mindset
Growth Mindset
Rash Decisions
Immature Thinking
9
What is one of the most important life lessons students should learn early on...
Financial Literacy
Gambling Techniques
People Pleasing
Financial Fraud
10
When do you need to have a credit card by:
Infant years
Adult
Highschool
End of college
11
What percentage of teachers feel "very competent" to teach financial literacy?
63.8%
89%
29.7%
20%
12
Just because financial literacy is NOT OFTEN taught in class, it is NOT considered important.
False
True
13
How many states make a course in personal finance obligatory for high school students, which is four more than 2018?
26
33
4
21
14
Being financially literate makes it possible for an individual to live a quality life.
True
False
15
Financial literacy is a soft skill that enables a person to manage money wisely.
True
False
16
When should you start saving money?
After 18
By the end of college
By 30
As soon as possible
17
What percentage of teachers are educating students on financial literacy either in standalone or integrated courses?
20%
63.8%
29.7%
89%
18
What percentage of teachers feel incompetent to achieve their state's financial literacy standard?
63.8 %
89 %
20 %
29.7 %
19
The final step to teaching students practical money skills is instructing them how to make decisions about money wisely
True
False
20
How do you boost your credit score?
Spending all of the money
Paying bills before due date
Never paying payments
Waiting until after the due date
21
Someone who is financially literate:
Fail to acquire their valuable assets
Knows the importance of earning more than they spend
Makes a financial plan in their late 30s
Doesn't know the importance of budgeting
22
What are some ways to budget money?
All of the above
Planner
Discipline
Turn on autopay/notifications
23
What percentage of teachers believe students should take and pass a personal finance course in high school to graduate?
29.7%
20%
63.8%
89%
24
What is a liability?
Debts one build
Debts one ignore
Debts one owes
Debts one spends
25
Did you learn something new today?
Somewhat.
Yes, I did!
Nope.
I was here for attendance.
26
What is income?
The money one spends
The money one earns
The money one saves
The money one burn
