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Khan Academy: Financial Literacy Flashcards | StudBud
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Khan Academy: Financial Literacy
Khan Academy: Financial Literacy
15 terms
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StudBud Administration
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68 plays
Units 1 & 2
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
You need specific math skills to be financially literate.
Yes
Math teachers believe it.
No
My dad says so.
2
What is the money you owe someone else, like a bank, a store, or a friend?
Hush money
Income
Debt
Expense
3
What are things that pop up unexpectedly that you have to pay for?
budgets
life
unplanned expenses
planned expenses
4
What is an example of something you must have to live and be healthy?
food
jewelry
books
vacations
5
A __________ is a plan that helps you manage your money.
planet
plan
money
budget
6
What is a way of breaking down the cost of something so you can compare it to other similar products?
per-unit pricing
budgeting
cost analysis
paying bills
7
What is the budget rule that divides money into 3 categories: needs, wants, and savings?
20/30/50
50/30/20
10/20/30
60/40
8
If you ________ ________ you can save a few dollars every day and it adds up daily.
skip breakfast
find coins
steal money
create habits
9
What are the things that you know are coming, like rent, a car payment, phone bill, etc.?
debt
life
planned expenses
unplanned expenses
10
What is a number that helps lenders, like banks and credit card companies, decide whether to lend you money?
debt allowance
credit score
credit card
credit
11
What is considered a good credit score?
580-668
740-799
300-579
800-850
12
If you don't understand ____________ it can easily take control of your life.
pain
credit
money
life
13
Financial Literacy is about ______yourself with the knowledge and skills to make smart decisions about your money.
empowering
teaching
punishing
disciplining
14
Your ______ are the money you spend on things like food, clothes, and bills.
budget
income
outcome
expenses
15
Your ________ is the money you earn or receive from different sources like allowance, gifts, or jobs.
outcome
bill
income
expenses