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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Flashcards
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Questions
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Answers
1
Why should you make a monthly budget?
None of the above
To avoid taxes
To increase your debts
To track income and expenses
2
Which of these is a high-risk, high-return investment?
Savings Account
Mutual Funds
Public Provident Fund (PPF)
Government Bonds
3
Which of the following is considered a safe investment?
Bitcoin
Stock market
Venture Capital
Fixed Deposit
4
What is an emergency fund?
Amount kept for investment in crypto
Savings for unexpected expenses
Money used for buying electronics
Credit card balance limit
5
What is the key difference between saving and investing?
Saving is riskier than investing
Investing is only for the rich
Saving earns more return than investing
Saving is short-term; investing is long-term
