stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
10 terms
·
StudBud Administration
·
35 plays
Imported from external platform
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
AN ACT DECLARING THE SECOND WEEK OF NOVEMBER OF EVERY YEAR AS ECONOMIC AND FINANCIAL LITERACY WEEK
Republic Act No. 10922
Republic Act No. 10299
Republic Act No. 10929
Republic Act No. 10292
2
Financial Literacy unlocks the door to financial success
True
False
3
A student can be found at the mall on the weekends to buy branded clothes. This person has the means to satisfy their
Needs
Basic Economy
Spend
Want
4
Why is it important to start investing as soon as possible?
You take less risk when you are young, so money will be safe
Fees on investments are cheaper when you are younger
Investing is an easy way to make quick money
You have more time for your money to compound
5
Money that comes in or earned is called ______.
Budget
Deductions
Income
Expenses
6
The basic finance to learn are stated. EXCEPT.
Spend
Save
Invest
Borrow
7
What is a general rule of thumb on how much you should save?
10% of your income
30% of your income
5% of your income
20% of your income
8
What is a budget?
A plan to manage income and expenses
average yearly income
average monthly income
a plan that poor people need to use
9
What is the key area in building an improved financial system in the Philippines?
Financial Education
Personal Finance
Inclusion
Financial Literacy
10
This is the ability to use knowledge and skills to make effective and informed money management decisions
emergency bolster
saving
interest
financial literacy
