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HIF - Financial Literacy Flashcards | StudBud
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HIF - Financial Literacy
HIF - Financial Literacy
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Flashcards
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Questions
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Answers
1
A creditor is:
someone who owes you money
someone you owe money to
2
If you want to put money away to buy a car, you should open a:
checking account
savings account
3
Which of the following can lead to financial problems
natural disasters
big repair bills
serious illness
loss of a job
4
T/F: Money management is easy for some, and more difficult for others.
False
True
5
T/F: It is ok to put purchases on your credit card if you don't know your bank account balance
False
True
6
T/F: A budget can help fulfill your needs and wants, and help meet a future goal.
False
True
7
T/F: You should keep your receipts after you buy something with your debit card.
True
False
8
Which of the following is
not
a way to keep credit card bills low?
Keep card to yourself
Ask for help
Spend as much as you want
Save your receipts
