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W!SE FINANCIAL LITERACY- MONEY Flashcards | StudBud

Explore/W!SE FINANCIAL LITERACY- MONEY

W!SE FINANCIAL LITERACY- MONEY

11 terms·StudBud Administration·47 plays

MONEY-Vocabulary and topics problematic for students

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Questions 11

Answers

1
Which is NOT a source of Income?
entrepreneurship
taxes
rentals
Interest
2
According to this chart, which group is hurt by Inflation?
Debtors with fixed rate of payment
receivers of COLA
Savers on a fixed rate of interest
Debtors with long term mortgages
3
Why does the US currency have value even though it is not tied to a commodity (GOLD)?
US Constitution dictates that currency be paper and coinage
Legal tender is superior to a Barter System
Gold is inconvenient to carry for every day purchases
belief that money has value and therefore is accepted
4
What is inflation?
Prices go DOWN, value of Money goes DOWN
Prices go UP, value of Money goes DOWN
Prices go DOWN, value of Money goes UP
Prices go UP, value of Money goes UP
5
What is C.O.L.A. ?
Certification Of Lending Agencies
Coca vs Pepsi
Cost of Living Adjustment
Consumers of Los Angeles
6
What is LIQUIDITY?
time of deposit offered at Financial institutions
collecting taxes owed, foreclosure notes, & outstanding debt
degree of ease in which assets can be sold
value of money with given interest rate
7
What is interest?
money paid at a particular rate for the use of money lent
calculated value of money by Exchange commission
When a cute boy smiles at you
8
Who are hurt the LEAST by inflation?
those who owe large amounts of money
balloons, egos , and bicycle tires
people living on fixed incomes
lending institutions
9
Watch video on inflation
No
YES
10
Which is not a role of the US Treasury?
issuing of stamps
Internal Revenue Service
establishing Credit Unions
overseeing National Banks
11
Which is not a role of the US Treasury?
review of Discretionary spending
print money
issue treasury bonds
collect taxes