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Future Smart - EverFi Flashcards | StudBud
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Future Smart - EverFi
Future Smart - EverFi
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#financial literacy #grade8
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
Which of the following IS NOT a fixed expense?
Renter's insurance
Credit card payment
Rent payment
Student loans
2
What increases your chances of a higher salary in the future?
Benefits
Internships
Education and training
College scholarships
3
The money comes directly from the user's bank account when performing a transaction with this
Direct deposit
Debit card
Credit card
Prepaid card
4
Which of the following would be considered a want for most people?
Mortgage payment
Car payment
Designer jeans
Groceries
5
Depositing money into your savings account each month will help you...
increase the amount of interest you earn on your savings
decrease the amount of interest you earn on your savings
lower your interest rate
pay off your debits
6
Used to fund government services such as health care, national defense, and scientific programs
Federal Income Tax
Social Security
Medicare
State Income Tax
7
Which factor has the biggest impact on a credit score?
Payment history
Length of credit
Type of credit
Amount owed
8
What is the first thing you should do when career planning?
Have a mock interview with a family member or friend
Make a list of your job preferences and skills
Sign-up for an internship
Apply for as many jobs as possible
9
Revenue is:
The amount of taxes a company has to pay
The amount of money a company has left after paying bills
The amount of money a company makes from sales
The amount of money a company pays its employees
10
What does liability insurance protect the purchaser from?
paying for damage to their house
risks of liabilities imposed by lawsuits and similar claims
false accusations
paying for damage to their car
11
Which school is the least expensive for a Minnesota resident?
Bemidji State University (in Minnesota)
Florida State University
University of Washington
University of St. Thomas (Private University in Minnesota)
12
Which of the following IS NOT an example of a personal skill
I have five holes in one
I love the outdoors
I was an all-star shortstop in little league
I can type over 80 words per minute
13
The longer you use credit responsibly, the higher your credit score.
True
False
14
Loans to a company or government
Deposit
Stock
Bond
Mutual Fund
15
The amount you are personally required to pay before your insurance covers the cost
Deductible
Premium
Benefit
Liability
16
When comparing prices of two brands, it's helpful to know...
the unit price of each item
what brand other people prefer
about any sales going on
what is the top selling brand
17
What is the first step you should take when opening a savings account?
Go to the bank and fill out an application
Review the different account options at your bank
Make your initial deposit
Present your photo ID to the bank representative
18
Which savings account will grow your money the most?
Interest rate 2%, Interest compounded semi-annually
Interest rate 1%, Interest compounded daily
Interest rate 2%, Interest compounded daily
Interest rate 1%, Interest compounded annually
19
A fixed regular payment, typically paid on a monthly or biweekly basis
benefit
salary
stipend
wage
20
A benefit that a person could have received, but gave up, to take another course of action
opportunity gained
opportunity cost
lack of opportunity
opportunity expense
21
Why would the cost of milk increase from $3.00 to $3.50 over a year's time?
The market basket
Inflation
The stock market
Deflation
22
Mr. Barros received five job offers in the last week. This is most likely because...
Supply and demand for teachers is the same
Supply for teachers is high
Demand for teachers is high
Demand for teachers is low
23
A small piece of ownership in a company
Deposit
Stock
Bond
Mutual Fund
24
When deciding between two items, what should you take into consideration?
All of these
The unit price
The quality of the product
Any available discounts or sales
25
Once a budget is set, it should not be revisited
True
False
26
Why would the value of a stock increase?
The industry is growing
There is a lot of demand for the product
The company is well-managed
All of these
27
Someone with a professional degree can earn ____ times more than someone with a HS diploma
5
3
2
4
28
The physical place where stocks are traded
Stock Exchange
Stock Interchange
Stock Broker
Stocking
29
In order to avoid credit card interest, one should...
Skip payments
Pay the full balance each month
Pay the minimum balance
Make the payments online
30
A profit is when:
None of these
Revenue is equal to expenses
Revenue is less than expenses
Revenue is greater than expenses
