What is compound interest?

Interest on savings, Interest on interest

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Financial Literacy

24 termsStudBud Administration

Test your knowledge on saving, investing, budgeting, and financial goals

Flashcards24 cardsFPractice quizPHost liveL

Questions 24

Answers

1
Which is a risky investment?
Stocks
Bonds
Real estate
Savings account
2
Which is a short-term goal?
Buying a book
College fund
Retirement savings
Buying a house
3
Which is a long-term goal?
Vacation trip
Paying rent
Buying groceries
Buying a car
4
Which is a financial tool?
Budget
Loan agreement
Credit card
Shopping list
5
What is an emergency fund?
Savings for emergencies
Loan fund
Investment account
Shopping fund
6
What is a stock?
Shopping card
Bank account
Type of loan
Share in a company
7
Which is a financial habit?
Saving regularly
Avoiding budgets
Ignoring bills
Spending impulsively
8
Which is a financial risk?
Paying bills
Investing in stocks
Saving money
Budgeting
9
What is a retirement plan?
Shopping plan
Savings for retirement
Loan plan
Vacation fund
10
What is a budget?
Bank statement
Loan agreement
Shopping list
Spending plan
11
Which is a type of investment?
Stocks
Savings account
Bonds
Credit card
12
Which is a financial goal?
Saving for college
Buying candy
Playing games
Watching TV
13
What is a financial advisor?
Loan officer
Bank teller
Money management expert
Accountant
14
What is compound interest?
Interest on loans
Interest on savings
Interest on interest
Simple interest
15
What is a dividend?
Interest payment
Share of profits
Bank fee
Type of loan
16
Which is a safe investment?
Gambling
Savings bonds
Lottery tickets
Stocks
17
What is a bond?
Bank account
Loan to government
Credit card
Type of stock
18
Which is a variable expense?
Groceries
Loan payment
Insurance
Rent
19
What is a credit score?
Loan amount
Creditworthiness measure
Bank account number
Interest rate
20
True or false: Saving is spending less
False
True
21
What is a savings account?
Credit card
Shopping account
Type of loan
Place to store money
22
What is financial literacy?
Reading books
Understanding finances
Writing checks
Shopping online
23
What is a mutual fund?
Loan type
Pooled investments
Bank account
Credit card
24
Which is a fixed expense?
Clothing
Rent
Entertainment
Groceries

Financial Literacy Flashcards | StudBud

Financial Literacy

24 termsStudBud Administration

Test your knowledge on saving, investing, budgeting, and financial goals

Flashcards24 cardsFPractice quizPHost liveL

Questions 24

Answers

1
Which is a risky investment?
Stocks
Bonds
Real estate
Savings account
2
Which is a short-term goal?
Buying a book
College fund
Retirement savings
Buying a house
3
Which is a long-term goal?
Vacation trip
Paying rent
Buying groceries
Buying a car
4
Which is a financial tool?
Budget
Loan agreement
Credit card
Shopping list
5
What is an emergency fund?
Savings for emergencies
Loan fund
Investment account
Shopping fund
6
What is a stock?
Shopping card
Bank account
Type of loan
Share in a company
7
Which is a financial habit?
Saving regularly
Avoiding budgets
Ignoring bills
Spending impulsively
8
Which is a financial risk?
Paying bills
Investing in stocks
Saving money
Budgeting
9
What is a retirement plan?
Shopping plan
Savings for retirement
Loan plan
Vacation fund
10
What is a budget?
Bank statement
Loan agreement
Shopping list
Spending plan
11
Which is a type of investment?
Stocks
Savings account
Bonds
Credit card
12
Which is a financial goal?
Saving for college
Buying candy
Playing games
Watching TV
13
What is a financial advisor?
Loan officer
Bank teller
Money management expert
Accountant
14
What is compound interest?
Interest on loans
Interest on savings
Interest on interest
Simple interest
15
What is a dividend?
Interest payment
Share of profits
Bank fee
Type of loan
16
Which is a safe investment?
Gambling
Savings bonds
Lottery tickets
Stocks
17
What is a bond?
Bank account
Loan to government
Credit card
Type of stock
18
Which is a variable expense?
Groceries
Loan payment
Insurance
Rent
19
What is a credit score?
Loan amount
Creditworthiness measure
Bank account number
Interest rate
20
True or false: Saving is spending less
False
True
21
What is a savings account?
Credit card
Shopping account
Type of loan
Place to store money
22
What is financial literacy?
Reading books
Understanding finances
Writing checks
Shopping online
23
What is a mutual fund?
Loan type
Pooled investments
Bank account
Credit card
24
Which is a fixed expense?
Clothing
Rent
Entertainment
Groceries