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Financial Literacy Flashcards | StudBud

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Which is an example of a need?

Which of the following is a type of income?

Financial Literacy

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Questions 11

Answers

1
Which of the following is a type of income?
Hourly wage
Rent payment
Loan
Bill
2
Which is an example of a need?
Running water
Netflix subscription
Concert tickets
A new iPhone
3
Which of the following is a financial decision?
Picking your outfit
Watching a movie
Choosing where to eat
Deciding how much to save from your paycheck
4
What math skill helps compare discounts?
Proportional reasoning
Linear relations
Algebra
Graphing
5
Which of these is a fixed expense?
Electricity bill
Rent
Movie tickets
Grocery shopping
6
What is a budget?
A plan for managing income and expenses
A government financial report
A list of all your debts
A type of bank account
7
What happens if your expenses are more than your income?
You go into debt
You save money
You earn more income
You break even
8
Which of these could be a global financial event?
Homework deadlines
Buying lunch
A new phone app
A pandemic causing job loss
9
Why is budgeting important?
It helps you avoid math class
It helps you get rich fast
It helps manage spending and saving
It lets you buy anything you want
10
Which of the following is a financial decision?
Deciding how much to save from your paycheck
Choosing where to eat
Picking your outfit
Watching a movie
11
What is the difference between gross and net income?
Gross is always more than net
Net is your income before taxes
They are the same
Gross is your income after taxes