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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Flashcards
16 cards
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Questions
16
Answers
1
Money Earned is called…
Investment
Debt
Income
Savings
2
Have you ever wondered where your money goes? You may want to create a ___ to track and control where your money goes?
List
Savings
Budget
Bank Account
3
What is the 20 in the 50/30/20 rule?
Savings
Wants
Needs
4
The lower your credit score, the better your credit is.
True
False
5
True or False: Having a savings account is good for things such as emergencies and investments
True
False
6
Is a student loan a good or bad debt?
Good
Bad
7
True or False: Clothes are a need.
False
True
8
True or False: Money is important because we need money for our wants and needs.
False
True
9
Credit is the same as debit.
False
True
10
What is the 30 in the 50/30/20 rule?
Wants
Savings
Needs
11
Is this credit or debit: Increases assets and expenses and decreases liabilities, equity, and revenue.
Debit
Credit
12
What is the 50 for in the 50/30/20 rule?
Needs
Savings
Wants
13
Is this credit or debit: increases liabilities, equity, and revenue and decreases assets and expenses.
Credit
Debit
14
Imagine you put $1000 in savings. To make the most money, would you want to earn simple or compound…
Simple
Compound
15
True or False: Disney+ is a need.
False
True
16
Should we do Quizs more often?
Absolutely not
Sure
No thanks
YES
