stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
15 terms
·
StudBud Administration
·
10 plays
Imported from external platform
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
The "I.R.S" is
Indoor Rob Services
Internal Revenue Service
Infrastructure Reform Services
Irreplaceable Rat Socks
2
"Barter" is exchanged goods or services for other goods or services without using money
True
False
3
An "investment" is money that is owed, or the state of owing money
True
False
4
What are "taxes"
involuntary fee levied on individuals to finance government activities
money that is given for free
borrowed money
"rob" tax
5
Income is
money that an individual makes
borrowed money from a bank
New Haven Employability Program
money that you lose when investing
6
"Bonds" are
a student at New Haven
money paid regularly at a particular rate for the use of money lent.
certificates issued by governments that are worth their face value.
initial monetary value of a loan, before interest is calculated
7
Money is?
a current medium of exchange in the form of coins and banknotes
money that is owed, or the state of owing money
money that is borrowed with a contract for later.
a system of money in use in a particular country
8
What is debt?
idk
money that is owed, or the state of owing money "being in debt"
insurance
the loss of potential gain
9
Currency is a system of money in use in a particular country
True
False
10
"mortgage" a loan for the purposes of buying property, typically using the property itself as collateral.
True
False
11
Interest is money paid regularly at a particular rate for the use of money lent
True
False
12
What is exchange rate?
"rob" coin
the value of one currency for the purpose of conversion to another
an exchange of knowledge to another person
a system of money in use in a particular country
13
Loan is
"afello" loan
small loan of a million dollars
money earned from working a job
money that is borrowed with a contract for later repayment.
14
"Credit" is the deduction of income tax by employers from employee wages.
True
False
15
Interest is money paid regularly at a particular rate for the use of money lent
True
False
