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Financial Literacy Review Flashcards | StudBud
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Financial Literacy Review
Financial Literacy Review
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1
A paper document that orders a bank to pay a specific amount of money from a person's account is called . . .
Cheque
Cash
Debit Card
Credit Card
2
How much of something per 1 unit of something else.
Rate of Money
Unit Amount
Cash Rate
Unit Rate
3
Money that a person pays based on the value of the property/land that they own is called . . .
Property Taxes
Sales Taxes
Personal Taxes
Income Taxes
4
An amount of money available for spending that is based on a plan for how it will be spent is known as a . . .
Receipt
Budget
Calculator
Bank Account
5
A bank account that earns interest on the money deposited and saved is called a . . .
Chequing account
Credit account
Piggy bank
Savings account
6
A card issued by a bank allowing the holder to transfer money from their account to pay for things is called . . .
Debit Card
Credit Card
Optimum Points Card
Canadian Tire Money
7
Money that is owed or due is called . . .
Credit
Cheque
Debt
Deposit
8
The ability of a customer to obtain goods or services before payment is known as . . .
EMT
Credit
Debit
Taxes
9
When a bank offers to lend money to consumers for a certain time period.
Budget
Cheque
Loan
Balance
10
The cost required for something; the money spent on something.
Income
Expenses
Balance
Budget
11
Money that a person pays based on how much money they earned is known as . . .
Estate Tax
Sales tax
Property tax
Income tax
12
These contain digital versions of your credit and debit cards that are stored in apps on your mobile device.
Digital Wallet
EMT
Cash Wallet
Credit
13
When you use online banking to transfer funds from one account to another is called a(n) . . .
Credit Card banking
Cash
Pin number
EMT
14
Money that a person pays to the government for goods and services that they have purchased.
Personal Tax
Sales Tax
Income Tax
Property Tax
15
When the income is greater or equal to the expenses, you can that your budget has . . .
Expenses
Balance
Debt
Income
16
Money presented in coins and notes (paper) is called . . .
Monopoly money
Pennies
Change
Cash