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Financial Literacy Team Challenge Flashcards | StudBud
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Financial Literacy Team Challenge
Financial Literacy Team Challenge
20 terms
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StudBud Administration
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59 plays
Lets see how much you learnt from our Financial Literacy Unit for HWOO!
Flashcards
20 cards
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Practice quiz
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Host live
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Questions
20
Answers
1
Why is it important to have a budget?
So you don't spend more than your earn.
Because your Mum and Dad said so!
Because you just have to!
Because Elmo said so!
2
Why is it important to save money?
So you can spend it!
So that you have some money in an emergency
Because you just should!
So that you can start a small loans business
3
Why is it important to be financially literate?
We need to know heaps about money and stuff.
Because Donald Trump is rich and we wanna be like him.
It's important that we know how to be good with our money.
4
What is 55% of 200
111
108
110
109
5
A slushie is an example of...
Discretionary Spending
Variable Expense
A type of brain-freeze device
Fixed Expense
6
What is a trade off?
What you'd like to have but don't really need.
What you are prepared to give up to get what you want.
Swapping one item for another.
A type of saturday market.
7
Why is important to have a good credit history?
For when you want to sell a kidney
So you can be like Donald Trump
For when you want to buy a house
So that you can buy sherbert
8
For Debit cards do you...
Pay in advance
Pay Now
Pay Later
9
What are 2 things you should consider in your budget before going on holiday?
Activities & Food
Milk shakes & sherbert
Kath & Kim
Tom & Jerry
10
What is 15% of 150
15
51
10.5
11
11
A power bill is an example of a...
A strong man's name.
Fixed Expense
Discretionary Spending
Variable Expense
12
For Credit cards do you...
Pay in Advance
Pay Later
Pay Now
13
A mortgage is an example of a...
A gauge for your car.
Discretionary Spending
Variable Expense
Fixed Expense
14
What is an investment?
Mr Wilson's drumming fund
Trump tower
Allocating money for some benefit in the future
Putting money across from your account to your family's
15
What is 75% of 250?
187.5
190.5
170
150
16
What is 100% of 100?
10
100
10.100
1000
17
What is a budget?
A plan for what you are going to do with your money.
A type of exotic bird
Donald Trumps nickname
A planned trip to Barbados
18
For Gift cards do you...
Pay in advance
Pay later
Pay Now
19
What is financial literacy?
Knowing where to blow all your cash
Knowing how to use your money correctly
Knowing about money and stuff
Knowing that nothing comes for free
20
What percentage of your money should you put into savings?
10%
20%
12.5%
15%
