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FINANCIAL LITERACY Flashcards | StudBud
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FINANCIAL LITERACY
FINANCIAL LITERACY
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Financial Literacy
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Gifts of nature are called______resources.
college resources
money resources
capital resources
natural
2
Most millionaires are_____________,
college graduates
college dropouts
dumb
freakish
3
If an employer is interested in you they may give you an_______.
interview
mop
hand shake
task
4
You can lower your__burden by using pretax dollars to invest and pay for things like insurance.
want
scarce
tax
need
5
There is no such thing as a ________.
free dinner
free lunch
expensive dinner
expensive lunch
6
All choices involve____.
cost
saving
debt
banks
7
The government collects_____from your pay.
income
needs
taxes
tariffs
8
People's choices have________for the future.
answers
special things
consequences
fortune
9
Job searchers often send an_________.
apple
application
answer
IPhone
10
The amount of money left after all taxes are taken out is called_____pay.
total
net
gross
sick
11
People respond to______in predictable ways.
incentives
cost
opportunity
debt
12
People who start their own business and work for themselves are called______.
go getters
entrepeneurs
super stars
flat liners
13
People create economic_______that influence choices and incentives.
frameworks
solutions
answers
systems
14
________resources include those goods that are used to make other goods and services
Capital
Human
Banking
Natural
15
Because of scarcity we must make_____.
choices
cars
banks
trucks
16
_________resources are the physical, intellectual, and creative talents of people.
Scarce
Natural
Human
Capital
17
______pay is the amount of money a worker makes before taxes are taken out.
Sick
Total
Net
Gross
18
Unlimited wants with limited resources is called_____.
banks
wealth
scarcity
savings
19
What you own minus what you owe is called your______.
debt
wealth
health
savings
20
The next best choice is called the_______cost.
higher
other
opportunity
lower
21
The money a person receives in exchange for work or property is called_______.
wants and needs
income
scarcity
taxes
22
Money is a medium of_________.
trade
debt
exchange
banks
23
People gain when they trade_________.
opportunity
non voluntarily
voluntarily
in economic systems
24
A_______is a summary of your work related experiences.
resume
contract
job search
application
25
Economically speaking all people have the power to______.
choose
jump
fly
run