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Phamily Phinances Flashcards | StudBud
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Phamily Phinances
Phamily Phinances
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Questions
10
Answers
1
Understanding key financial concepts such as
saving, investing, and taxes
is essential in breaking these cycles.
True
False
2
In what year was slavery abolished?
1500
1776
1865
1619
3
In what year were the first Africans brought to this land?
1500
1619
1776
1800
4
In the 50-30-20 for budgeting, how much should you save of your income?
50%
0%
20%
30%
5
AA's have systemic barriers to financial education, face disparities in wealth accumulation & economic mobility
False
True
6
What percentage of African-Americans were illiterate in 1870?
0%
50%
80%
10%
7
_____________ represent partial ownership in a company
Bonds
Stocks
CD's
None of the above
8
____ is a debt security that allows an investor to lend money to a company in exchange for interest & return of the $
None of the above
CD
Bonds
Stock
9
Financial literacy is one of the most crucial tools for achieving economic stability and generational wealth.
True
False
10
Your assets minus your debts =
Accounts receivable
Income
Wealth
Liability