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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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A review of vocabulary for financial literacy
Flashcards
25 cards
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Questions
25
Answers
1
A degree granted after two years of study, often by a community or junior college.
Associate's
Doctorial
Bachelor's
Master's
2
Occures when a borrower is unalbe to repay a debt.
Default
Debit
Deposti
Deduction
3
A tax form an employee fills out that tells the IRS how much money to take out of the paycheck.
WD-40
1099
W-4
W-2
4
Government agency in charge to collecting taxes from U.S. citizens.
IRS
RIP
SOS
IRA
5
This is a form students use to apply of federal education grants and loans.
FDIC
FICO
FAFSA
FFA
6
Tax form filled out by an individual determines the amount of income tax owed in asingle year.
1040
529
403
401K
7
A plan of how you will spend the money that you make.
Statement
Disbursement
Funds
Budget
8
This machine allows you to make electronic depostits and withdrawals from your bank accounts.
Magic
ABC
ATM
AMC
9
YTD sands for....
Yell the day
You'er the daddy
Year time date
Year to date
10
Financial Literacy is a graduation requirement for Oklahoma.
No
Yes
11
A type of insurance that protects a policy holder in the case of a car accident.
Full Coverage Insurance
Auto Insurance
Home owners Insurance
Personal Insurance
12
Refers to how much money an investor could potentially earn from an investment.
Cha Ching
Seed Money
Mother Load
Return
13
A scam where someone tried to deceive you into providing personal information.
Fishing
Hunting
Phishing
Trapping
14
A payment typ paid for upfront and used to pay for goods and services.
All of these
Cash
Debit Card
Money Order
15
Property owned by an individual or organization that has some value.
Asset
Credit
Treasure
Money
16
Anything you spend money on, from gum to cell phone bill.
Necessities
Allowance
Cost of Living
Expenses
17
Given to students to help pay for their education and do not have to be repaid.
Grant
Award
Birthday money
Gift
18
Amonunt of money (minus intrest) you owe on a debt.
Principel
Principal
None of these
Intrest
19
A request you make to an insurance company for payment of the benifits allowed by your covarge.
Demand
Claim
EOB
Premium
20
A degree awarded by a college or university for completing undergraduate studies.
Doctorial Degree
Master's Degree
Bachelor's Degree
Associate Degree
21
A numerical rating of your credit-worthiness.
Credit Score
Credit Limit
Credit History
Credit Report
22
Owner of property
Landlord
Renter
Occupant
Squatter
23
Refers to how easily and quickly your assets, like your money, can be moved.
Access
Removable
Fluidity
Liqudity
24
A type of bank account in which intrest is not usually applied to the principal.
Checking
Savings
Loan
CD
25
Money-usually saved over a long period of time-that is used to pay for future needs.
Seed Money
Birds Nest
Nest Egg
Stash