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Module 6 Financial Literacy Review 7th Grade Flashcards | StudBud
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Module 6 Financial Literacy Review 7th Grade
Module 6 Financial Literacy Review 7th Grade
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Answers
1
Which of the following was NOT a part of the Original Four Consumer Rights?
Right to be Informed
Right to safety
Free Stuff
Right to be heard
2
Which of the following is NOT a good reason to make a budget?
It helps you prepare for emergencies.
It leads to a happy retirement.
It keeps you from spending money you don't have.
It's lots of fun!
3
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
Tuition
Merit
Loan
4
By paying only the minimum payment each month, you will end up paying less by the time you pay off your credit card.
True
False
5
Which of the following is NOT true of credit cards?
Charges interest and sometimes high fees
Does not charge interest
Able to use if you don't have available cash
Helps build credit
6
When making a complaint against a company, if you are not satisfied with the initial solution what should you do?
Email or call the corporate headquarters
Post a mean and nasty yelp review
Boycott the store
Make flyers and post them in front of the store
7
Which of the following are steps you can take to protect your identity?
Shred documents with personal information on them
Check your credit with the 3 major credit agencies
All of the choices
Know your payment due dates
8
A credit card is basically a company giving you a loan, and you have to pay it back.
True
False
9
A person who buys and uses goods is known as a
Claimant
Consumer
Defendant
10
There is no connection between education and income.
True
False
11
An estimate of your income and your spending habits over a period of time.
Expenditure
Budget
Loan
Credit
12
In order to be successful, you must pick a career now and never change it.
False
True
13
What did Wimpy want?
A credit card
A loan
Financial Aid
14
This is charged by a bank to borrow money.
Interest
Credit
Budget
15
Of the following choices, which costs less to attend?
Private University
Public University
Community College
