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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
15 terms
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StudBud Administration
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Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Saving money is...
Deposit
Spending more money than you have
Withdraw
Putting money aside to use in the future
2
Income is...
Money spent on goods and services
Money spend on items
Saving money you earn
Money earned for working or selling goods/services
3
Resources are...
Things used to produce goods or services
Things used to produce Kahoots
Interest
Credit
4
Grey is working more hours at his job, he must be
giving his job less labor
Grey was borrowing money
earning less income
earning more income
5
Interest is...
Labor
Money you pay when you borrow money
Credit Cards
Income
6
A
withdraw
is money
taken
from a bank account
True
False
7
Unplanned spending
is paying money for goods and services you DO NOT EXPECT
False
True
8
Labor
is the physical or mental work done in return for a wage or money
True
False
9
Credit is...
When you buy something and pay for it later
Planned spending
Income
Labor
10
Spending is...
Things used to produce goods and services.
Money earned from work completed
Savings account
Paying money for food, clothes, and services.
11
Planned Spending is...
Paying money for goods and services you do NOT EXPECT
Paying money for goods and services you EXPECT
Earning money for work
Saving money
12
Which would
not
affect the amount of money a teacher makes
Work experience
How many bills a teacher has to pay
Education level
Special skills or certificates
13
A
deposit
is money added to a bank
account
False
True
14
Human Capital is...
Skills, abilities, or education that make workers valuable
saving money
skills like saving and spending money
getting a job
15
Sam wants to earn more money at his job. What can he do?
Work more hours
Work less hours
Get a new job
Save his money
