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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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#careerdevelopment #financialliteracy #budgeting #moneymatters
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
When you start a new job you need to complete a W__ form.
1
3
2
4
2
The amount of debt that you can afford to repay each month is ___________
Consumer Finance
Credit Capacity
Credit History
Multipurpose Card
3
Visa & Mastercard are examples of what types of cards?
Debit
Revolving
Credit
Multipurpose
4
Money that is owed or due.
Debt
Check
Debit
Cash
5
If my Best Buy card has a Visa logo, where can I use it?
None of these
Sam's Club
Best Buy
Gas Station
6
___________________ is an explanation of your paycheck.
Pay Receipt
Receipt
Check Stub
Pay Stub
7
Most bills are due ___________
Once a year
Once a week
Once a month
None of these
8
Rent, house payments and installments loans are examples of _____________.
Fixed Expenses
Flexible Expenses
None of these
Set-asides
9
Macy's, Best Buy and Target credit cards are examples of _________________
Revolving Charge Accounts
None of these
Single Purpose Credit Cards
Multi-Purpose Credit Cards
10
You can write someone a check even if you don't have a bank account.
False
True
11
Joseph worked 47 hours. His pay rate is $15/hr. How much did he make today?
$300.00
$252.00
$407.50
$417.50
12
If a person makes $76,000 a year, this is known as their ___________.
Fee
Commission
Salary
Wage
13
Car salesmen are paid on a _________ scale.
Salaried
Hourly
Free
Commission
14
Gross earning are what you make ____________ deductions.
Before
After
15
This authorizes your employer to deduct taxes from your paycheck.
Deduction
W-2 form
W-4 form
Endorsement
16
_____________ is/are taken from everyone's check.
Gross Pay
Credit
Deductions
Debit
