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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Flashcards
11 cards
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Questions
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Answers
1
Why is it important to have emergency savings?
So you have extra money
So you have money when unexpected expenses arise
All of the above
So your richer
2
What is the most cheap and convenient option?
$11.99 + free shipping
None of the above
$8.99 + $4.99 shipping
$11.99 + store pickup
3
What is the first step to increase savings?
None of the above
Use a credit card
See where you spend your money
Buy the cheapest product
4
I understand Financial Literacy more.
I’m so confused
I have a better understanding
I still have questions
5
What is the risk of using cash?
Paying more for purchases
Not being able to shop in stores
Not having fraud protection
Paying interest on purchases
6
How long does a short-term financial goal take to complete?
10 years
1-5 years
20 years
1 year
7
How do you become a SKILLED CONSUMER?
All of the above
Consider unit prices
Research before buying
Buy only what you need
8
What reviews are the most trustworthy?
Verified reviews
Sponsored reviews
Unverified reviews
None of the above
9
What does a precision shopper do?
Goes to the store with goals
Enjoys shopping with others
All of the above
buy all of their favorite brands
10
Who is a consumer?
Adults
Employees
Everyone
Kids
11
Which of the following is a need?
Video games
Food
Movie Tickets
Toys
