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Intro to Financial Literacy-- Flashcards | StudBud
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Intro to Financial Literacy--
Intro to Financial Literacy--
20 terms
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Intro to Financial Literacy--Day 2
Flashcards
20 cards
F
Practice quiz
P
Host live
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Questions
20
Answers
1
What % of graduates leave college with student loan debt?
65%
55%
45%
35%
2
How much do Americans expect to spend on Valentines day (average)?
$142
$114
$71
$215
3
What is the most prevalent form of Payment?
Checks
Credit Card
Debit Card
Cash
4
What % of 18-29 year olds are living with their parents?
40%
25%
35%
48%
5
What is the most popular Financial App on the Iphone?
Capital One Mobile Banking
Venmo
PayPal
Cash App
6
How much does the average consumer spend monthly on impulse purchases?
$450
$700
$1,000
$600
7
Until what age can a child stay on their parent's health insurance?
21
23
26
18
8
What was the average Monthly car payment for a new vehicle in 2020?
$568
$425
$377
$615
9
What is the most impactful piece of financial advice that millennials have received?
Build an Emergency Fund
Pay off your Credit Card Balance every month
Don't live beyond your means
Build a Budget and stick to it
10
What is financial literacy?
I don't know
An exchange for goods and services
A business money or property
The knowledge of how money works and how to manage it
11
What percentage of Americans have less than $400 in an emergency fund?
58%
66%
47%
35%
12
Which of the following has the MOST negative influence on money habits?
Social Media
Family
Coworkers
Friends
13
What percent of millennials (18-29 yr olds) are comfortable carrying no cash with them?
39%
42%
56%
32%
14
What is the #1 source of information for high school seniors when it comes to paying for college?
Teachers/Counselors
None of the above
Family members other than parents
College Websites/Brochures
15
Why is financial literacy important?
to understand how to build wealth
to better understand credit scores, risk, interest rates
to know the basics of personal fiance and money management
All of the above
16
What is the #1 reason that people gave for paying their credit card bill late?
I forgot
None of the above
I'm disorganized
Ran out of money
17
What is financial literacy?
reading books about money
understanding how money works in the world
using money unwisely
using money wisely
18
I will be more financially literate at the end of the year...
False
True
19
What is the average fee when you overdraw your checking account using your debit card?
$15.00
$32.75
$40
$25.50
20
What percentage of people 55 and older have NO money saved for RETIREMENT?
60%
15%
25%
48%
