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SMS FACS Financial Literacy Basics Flashcards | StudBud
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SMS FACS Financial Literacy Basics
SMS FACS Financial Literacy Basics
20 terms
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StudBud Administration
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353 plays
middle school, high school, budgeting, credit, investments,
Flashcards
20 cards
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Questions
20
Answers
1
High risk investments historically provide the ___________ potential return.
lowest
highest
2
The symbol for a company name on a stock exchange is called a __________.
ticker tape
ticker symbol
symbol
tick tocker
3
Which is NOT a fixed expense?
car loan
food
rent
insurance payment
4
To create a successful budget, consider your
income and needs
money values
income, money values, needs and wants
needs and wants
5
Which of the following is the riskiest investment?
Savings Bonds
Mutual Funds
Stocks
Savings Account
6
Tom's investment portfolio contains a variety of investments from low to high risk. It is ____.
diversified
slow growth
a winner
impressive
7
When a bank pays interest on your money PLUS past interest you have earned, it is called
return interest
compound interest
interest yield
simple interest
8
How easy it is to access money is referred to as
safety
yield
liquidity
return
9
Younger people can afford to take more risks with investments because they have more ____.
risk
interest
time
money
10
The phrase "trading stocks" means .....
selling stocks
buying stocks
buying and selling stocks
making a profit
11
Which of the following represents a safe and slow growing investment?
US Savings Bonds
Collectibles
CD
Mutual Funds
12
Wanted: Best safe investment for $5K that doesn't need to be used for 3-5 yrs.
Stock
CD
Savings Account
Piggy Bank
13
To pay the least amount of interest on a credit card,
none of these choices
pay only the minimum payment due.
pay what you can.
pay more than the minimum payment or the entire balance.
14
The rule of thumb for saving is ....
20%
15%
10%
17%
15
Paying bills late and/or owing a lot of money compared to what you earn can affect your
SAT score
investments
credit score
FDIC score
16
"Buy now, pay later" refers to
loans
borrowing money
credit cards
borrowing money, loans and credit cards
17
How your handle your credit- paying bills , how much you have borrowed, etc.is part of your
credit karma
investing preferences
credit history
debit
18
The yield or return on investments refers to ....
investment loss
SLYE
investment growth (profit)
a slow down
19
What was created after the Stock Market crash of 1929 to protect bank accounts?
FDIC
SYLE
FTC
FDA
20
A balanced budget occurs when
Expenses=Savings plus income
Income= Savings plus Expenses
Income= Fixed and Flexible Expenses
Savings= Expenses plus Bills
