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Financial Literacy Final Spring 2022 Flashcards | StudBud
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Financial Literacy Final Spring 2022
Financial Literacy Final Spring 2022
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Flashcards
18 cards
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Practice quiz
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Questions
18
Answers
1
A credit card links to your bank account.
True
False
2
Which of the following is NOT found on a check?
your name
Your address
you account number
your PIN number
3
You can use your phone to make a deposit into your bank account.
False
True
4
What is an emergency fund?
Money that you save to use in case of an emergency
Money that you save up to use for something you want.
5
True or False: If you lost your job, you would use your savings account to help pay for it.
False
True
6
Who gets scammed the most?
Senior Citizens
Milennials
7
Social Media can influence you and others to spend money.
False
True
8
Identity theft is when someone steals your clothes and pretends to look like you.
True
False
9
What is income?
the money you spend
the money you make
10
Check cashing companies are better than banks.
True
False
11
True or False: You can deposit your money at an ATM.
True
False
12
What does ATM stand for?
Automated Teller Machine
Automatic Timed Money
Anonymous Teller Money
13
A deposit is when you:
take money out of the bank
transfer money to another account
put money into the bank
14
What are expenses?
the money you make
the money you spend
15
What is a PIN number?
a number that you use to check your voicemail on your phone
a number that you call to communicate with the bank.
a number that you use to get money out of the bank
16
What are the two things you need to know for budgeting?
Income and expenses
debit and credit
17
What is a debit card?
it links to your parents account to take money out
it lets you take money straight out of your bank account
it lets you borrow money and then pay it back at a later time
18
Giving money to other people is a common money mistake.
False
True
