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Financial Literacy Review Flashcards | StudBud
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Financial Literacy Review
Financial Literacy Review
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Flashcards
10 cards
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Questions
10
Answers
1
Which is an example of human capital / labor?
construction worker
wood
building
bricks
2
Interest paid is the extra money paid for borrowing on credit.
True
False
3
Human capital / labor is a person's
credit and interst
abilities, skills and education
charitable giving and charity
scarcity and resources
4
Money earned from working.
Saving
Resources
Scarcity
Income
5
Using a credit card will cost you the same amount as paying with cash?
True
False
6
Buying goods or services now with an agreement to pay in the future is
income
money
credit
saving
7
Purchasing goods and services.
scarcity
credit
spending
income
8
The crop of apples got infected with worms. This will cause the price of apples to go up because of scarcity?
False
True
9
Setting aside money to buy something later.
saving
spending
income
credit
10
You may want to make a savings plan in order to purchase...
a toy
something you want right away
something expensive
dinner
