If you pay your credit card bill on time every month, you will have a good

Credit rating, Both red and blue

An agreement between a buyer and a seller to exchange good services

Money you owe toward the ownership of your home

Money you put down toward your house

Money set aside to pay for important things

The benefit of a credit card is that...

Both blue and yellow are correct

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Financial Literacy

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Questions 16

Answers

1
I can be sent easily in the mail as a method of payment and the banks don’t like when I bounce. What am I?
Cash
A cheque
A debit card
A ball
2
A dog groomer is an example of
A bad
A difficult job
A good
A service
3
If you pay your credit card bill on time every month, you will have a good
Meal in a restaurant
Credit rating
Sleep
Both red and blue
4
A transaction is
A method of payment
A cool, new tiktok dance
An agreement between a buyer and a seller to exchange good services
A service
5
If you make $1000 a month, your mortgage payment shouldn’t be more than
$30
$100
$1000
$300
6
A car is considered
A food
A pet
A good
A service
7
A mortgage is
A method of payment
Money you owe toward the ownership of your home
A service
Money you owe the bank to pay off your student loan
8
A Down Payment is
Money put aside to pay your bills every month
Money you put down toward your house
Money you put down toward your student loan
The opposite of an Up Payment
9
Cash is accepted almost everywhere
False
True
10
Ms. Sherwin was paying for this every month despite the fact that nobody was using it
The gym
Netflix
Cable
Adobe photoshop
11
A bad thing about a credit card is...
If you are late paying at the end of the month you have to pay late fees
Failure to pay at the end of the month ruins your credit rating
You might spend more money than you have
All of the above
12
What is a budget?
Money paid toward your student loan
Money paid toward the ownership of your home
Money set aside to pay for important things
A kind of bird
13
The benefit of a credit card is that...
You build your credit rating when you pay your bill on time
Both blue and yellow are correct
You have time to pay the money back
It takes the money right out of your bank account
14
Ms. Sherwin pays Ms. Kurtz (the tutor) with this
Credit card
Etransfer
Cash
Cheque
15
When you use this method of payment, the money comes right out of your account
Mortgage
Debit Card
Cheque
Credit Card
16
The best method of payment to use at a garage sale is...
Gift Card
Debit Card
VISA
Cash

Financial Literacy Flashcards | StudBud