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Financial Literacy for University Students Flashcards | StudBud
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Financial Literacy for University Students
Financial Literacy for University Students
25 terms
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Flashcards
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Questions
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1
What highly anticipated video game sequel was released in early 2025?
The Elder Scrolls VI
Grand Theft Auto VI
Half-Life 3
Portal 3
2
How is your debt-to-income ratio calculated?
Total monthly debt payments divided by total monthly income
Annual income divided by total debt
Total debt divided by annual income
Total monthly income divided by total monthly debt payments
3
What significant change occurred in the streaming industry in 2025?
Netflix merged with Disney+
HBO Max launched virtual reality content
Apple TV's became ad-supported
Amazon Prime acquired Hulu
4
What major technological advancement did Apple release in 2025?
iCar
Holographic iPhone
Neural Link Interface
Vision Pro 2
5
Which artist made history as the first to achieve over 200 billion total streams on Spotify in 2025?
Taylor Swift
Drake
Bad Bunny
The Weeknd
6
How often can you get a free credit report from each major bureau?
Once a year
Once every two years
Once a month
Once every six months
7
What is a healthy credit utilization ratio?
Below 90%
Below 75%
Below 30%
Below 50%
8
In compound interest, when does interest begin earning interest?
Immediately after being added to the principal
Only during leap years
After the first year only
At maturity
9
How long do most negative items stay on your credit report?
7 years
3 years
5 years
10 years
10
What is the primary purpose of an IRA?
College savings
Retirement savings
Emergency fund
Short-term savings
11
Which movie became the highest-grossing film of 2025?
Avengers: Secret Wars
Fantastic Four
Superman: Legacy
Avatar 3
12
Which of the following best describes a subsidized loan?
Interest begins accruing immediately after disbursement
The government pays the interest while you're in school
Parents must cosign the loan
The interest rate is always fixed at 10%
13
What is considered a "sinking fund"?
A high-yield savings account
Money saved for a specific future expense
An emergency fund
A retirement account
14
What is the relationship between your credit score and your interest rates?
The lower your score, the lower your rate
The higher your score, the higher your rate
There is no relationship
The higher your score, the lower your rate
15
What type of account typically offers the highest interest rate?
Standard savings account
Certificate of Deposit (CD)
Checking account
Money market account
16
Which investment typically carries the highest risk?
Government bonds
Money market accounts
Individual stocks
Certificates of deposit
17
Which factor has the highest impact on your credit score?
Recent credit inquiries
Payment history
Credit mix
Length of credit history
18
What is a "cash advance" on a credit card?
A credit limit purchase
A rewards payment
A cash withdrawal treated as a purchase
A high-interest cash loan
19
What is the primary advantage of a high-yield savings account?
Higher interest rates than traditional savings accounts
FDIC insurance
No minimum balance requirement
Unlimited withdrawals
20
Which budgeting method allocates 50% to needs, 30% to wants, and 20% to savings?
50/30/20 rule
Zero-based budgeting
Envelope system
70/20/10 rule
21
Which of the following are ways to protect yourself from identity theft?
Destroy all password sensitive material
All of the above
Change passwords frequently
Protect your pin
22
What is considered a "good" credit score range?
580-669
999-1500
670-739
500-579
23
Which TV series finale broke streaming records in 2025?
Stranger Things
Wednesday
House of the Dragon
The Last of Us
24
What is the recommended MINIMUM amount for an emergency fund?
One week's worth of expenses
One year's worth of expenses
Two weeks' worth of expenses
Three to six months' worth of expenses
25
What is the main difference between a traditional and Roth IRA?
Withdrawal penalties
When taxes are paid
Contribution limits
Investment options
