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The Vault
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The Vault: Money Management Program from Everfi.com
Flashcards
12 cards
F
Practice quiz
P
Host live
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Questions
12
Answers
1
To get something because you think it is cool.
Want
Need
2
To get something that you need to survive
Need
Want
3
True or False: A job is a commitment to work in a field you find interesting and fulfilling?
True
False
4
When you buy with a credit card, you are really creating a ______________________
Expense
Loan
Method of Purchase
Debt
5
Someone who guides you on investments and savings advice is________________
Parent
Google
Friend
Financial Advisor
6
Which one is a short-term goal? Saving up for ______________
The Trip to Europe this year
A new pair of shoes
The Trip to Europe next year
None of the above
7
What is an example of a long-term goal? Saving up for _____________________
A new pair of shoes
Trip to Europe next year
None of the above
Trip to Europe this year
8
What companies offer Financial Advice
Dairy Queen and Sonic
Merrill Lynch and Wells Fargo
Foot Locker and Sports Authority
None of the above
9
What is the fee you pay on money you borrow?
None of the above
Interest
Expenses
Cash
10
What is a strategy that you can use to reach your financial goals?
Pay Taxes
Get a lot of credit card
Keep all your cash
Spend Wisely
11
Which of the following is NOT an advantage to having a salary vs a weekly paycheck?
Consistent income flow
Holiday and sick leave is included
unlimited overtime
12
What are two examples of a Financial Institution
All of the above
Your mom and your dad
Your piggy bank and your mom
A bank and a credit union
