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Financial Literacy Class of 2025 Flashcards | StudBud

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In financial terms. Gross Income is...

Banks are not for profit organizations

Financial Literacy Class of 2025

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Questions 11

Answers

1
Banks are not for profit organizations
True
False
2
In financial terms. Gross Income is...
Money with boogers on it
Amount of money earned after taxes and deductions.
Amount of money earned before taxes and other deductions.
144 rotten eggs
3
Credit debt
All of the above
Can mess up your life
Compounds
Can make it hard to buy a house
4
Social Security
provides benefits to people who are retired or disabled.
Is administered by the government.
All of the above.
Is something you and your employer are taxed for.
5
Scholarships, work study, and loans can all help pay for college.
False
True
6
Your social security number
Shouldn't be shared online.
All of the above
Should be 9 digits long
Shouldn't include pi
7
Expenses are
Assets
People who used to be named Pense.
Money you get paid for working
Payments for goods and services
8
A coded plastic card that accesses money from your checking account is called
Pinto, the wonder dog!
Cardy McCardle
A credit card
A debit card
9
In financial terms, Compound Interest on savings is NOT which of the following
When you earn interest (more money) on the money you've saved.
A great way to save; so you can be generous and donate tuna.
Your fascination with sodium chloride
The 8th wonder of the world, according to Einstein.
10
Debt is money owed to someone else and is good to avoid
False
True
11
Health insurance, paid time off, retirement accounts, and paternity/materity leave are all examples of
Song titles by Olivia Rodrigo
Debt
Taxable income
Benefits