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Pizza and Personal Finance Review Flashcards | StudBud
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Pizza and Personal Finance Review
Pizza and Personal Finance Review
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Questions
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Answers
1
One of the students in
Living on One Dollar
got sick from
Drinking contaminated water.
Spending time with sick people.
Eating improperly stored food.
Not eating enough calories for his body size.
2
Individualism is a feature of a non-WEIRD mindset.
False
True
3
If you do not have a lot of money right now, savings isn't something to consider until you are more financially stable.
False
True
4
What is the average amount of debt carried by high school seniors with credit cards?
$600
$0
$6000
$1600
5
Author Steve Burkholder shares a negative personal finance story regarding
Never learning about personal finance as a child & struggling as an adult.
Investing in a risky stock and losing his savings.
Blowing all of his savings on an absurd luxury purchase.
Overcharging his credit card and not being able to pay the minimum payment.
6
The third slice of
I Want More Pizza
is primarily concerned with
debt.
investment.
your priorities.
savings.
7
What is dispositionalism?
The state of having inconsistent thoughts, beliefs, or attitudes
Seeing behavior as anchored in personal traits that influence actions
Leading people to strongly identify with their in-groups
Constraining people from shopping widely for new friends.
8
Which type of account does the author say you should have?
Money Market
Savings
Individual Retirement Account
Checking
9
A professionally managed group of individual investments, inside a single investment, is called a
Mutual / Index Fund
Individual Stock
Savings Account
Certificate of Deposit
10
Owning a credit card can positively impact your credit score.
False
True
11
How can you minimize the damage a credit card can do to your financial standing?
Pay more than the minimum each month.
Set a spending limit.
Bargain with the company to lower your interest rate.
Make sure your card has no annual fee.
12
Which of the following is NOT part of the WEIRD acronym?
Educated
Democratic
Wealthy
Industrialized
13
___ out of 10 people worldwide do NOT have access to clean water.
7
4
1
3
14
What do the people of Pena Blanca mainly eat?
Bananas
Onions
Corn
Rice
15
A type of investment in which you lend your money to a bank for a specific period and receive higher interest, is called
Mutual / Index Fund
Savings Account
US Treasury Bond
Certificate of Deposit
16
A type of investment in which you lend your money to the government for a specific amount of time is called a
Bond
Savings Account
Mutual / Index Fund
Certificate of Deposit
17
Which type of interest will accumulate most quickly?
Simple monthly
Compound monthly
Simple annual
Compound annual
18
The biggest advantage you have in terms of personal finance is that
You are young and have time on your side.
You come from a relatively secure financial background.
Currently everyone is in a bad place financially.
You're reading I Want More Pizza.
19
A main risk factor associated with debt is
You'll owe others for life.
You could overspend.
Your rates could change at any moment.
You have to pay interest on what you owe.
20
The concept of hiding money from yourself before you even have a chance to spend it is called
Money Stealer.
Self Robbery.
Auto Saver.
Smart Savings.
21
What is an example of a third-world country?
Guatemala
United States
China
Ethiopia
22
The most common type of investment, in which you lend your money to the bank and collect interest, is called a
Mutual / Index Fund
Certificate of Deposit
Individual Stock
Savings Account
23
Which of the following financial institutions were covered in Everfi's Banking Basics module?
Cash Advances
Brick and Mortar Banks
Credit Unions
Credit Cards
24
Which of these is part of the author's stated philosophy regarding personal finance?
Don't get into trouble with debt or investing.
Save
Overcome your mental blocks.
Start early.
25
Where does the
Living on One Dollar
series take place?
Cuba
Pena Blanca
Guatemala
Mexico
26
A type of investment in which you own a portion of the company and also its performance is a
Certificate of Deposit
Individual Stock
Mutual / Index Fund
US Treasury Bond
27
What does the author call belief systems that get in your way of doing things?
Mental blocks
Thought blocks
Motivation blocks
Road blocks
28
The first slice of
I Want More Pizza
is primarily concerned with
your priorities.
debt.
savings.
investment.
29
Guilt is a response to falling short of social norms, while shame is a response to falling short of personal standards.
False
True
30
Studies show that WEIRD people conform _____ than/as all other populations that have been studied.
more
unknown
less
equally to
31
WEIRD nations are more likely to say YES to the Generalized Trust Question.
False
True
32
The fourth slice of
I Want More Pizza
is primarily concerned with
savings.
debt.
your priorities.
investment.
33
In the United Nations example, which nations continued to park illegally after diplomatic immunity was lifted?
Egypt and Bulgaria
non-WEIRD nations
the United States and Sweden
WEIRD nations
34
Holistic thinking says that
The whole is greater than the sum of its parts.
The parts of the whole have no relation.
The parts are more important than the whole.
The parts and the whole are equally important.
35
Analytic thinking means
thinking too much.
breaking the information up into parts.
looking at all of the information at once.
thinking without difficulty.
36
In STAX, which investment did the computer favor to make the most money consistently?
US Treasury Bonds
Index Fund
Savings Account
Individual Stocks
37
The second slice of
I Want More Pizza
is primarily concerned with
investment.
your priorities.
debt.
savings.
38
"Beware of little _________; a small leak will sink a great ship." Benjamin Franklin
things
problems
expenses
bills
39
What is microfinance?
A nonprofit organization that gives small amounts of money to poor areas.
A strategy of budgeting through extreme poverty.
Financial services for those who are ineligible for traditional loans.
A system of economics that attempts to balance the distribution of wealth.
40
The practice of investing money in a variety of different investments, with different levels of risk, is known as
diversification.
a mutual fund.
penny stocks.
an index fund.
