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8th grade Financial Literacy Flashcards | StudBud

Explore/8th grade Financial Literacy

How is a debit card different from a credit card?

food, clothing, and shelter are examples of

8th grade Financial Literacy

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#financial literacy 8th grade

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Questions 9

Answers

1
food, clothing, and shelter are examples of
needs
bills
wants
2
How is a debit card different from a credit card?
debit cards take from your own money, credit cards borrow $
Debit card links to your checking account, credit cards dont
these are all correct
credit cards link to your checking account, debit cards dont
3
Keeping your money in a checking account is good because...
it's more convenient for paying bills
it's safer than carrying cash
all of these
you have to keep a record of your spending
4
You should record all transactions right away on this...
check
Savings account
checking account
check register
5
An advantage of having a credit card is...
you can use it to buy things you don't have money for now
there are no advantages
you can use it for emergencies
you never have to pay it back
6
One way to keep your money safe is to
all of these
write out numbers & words for the dollar amount on checks
never keep your PIN with your debit card
sign the back of a credit card and also write "See I.D."
7
Your credit limit is determined by...
all of these
your credit score
your other debt
your income
8
Your first priority when making a budget is to make a plan for...
putting money aside for charity
putting money in savings
figuring entertainment expenses
meeting your needs
9
The actual money you get from a paycheck is called
gross income
net income
taxes
deductions