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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
15 terms
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StudBud Administration
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Upward Bound Financial Literacy Review
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Lets try out our check registers.You just cleaned your room + $10.00, what is your new balance?
$10.000
$10.00
$5.00
$20.00
2
You walked the dog without being asked + $14.00, what is your new balance?
$15.00
$22.00
$20.00
$19.00
3
What are the things you don't need for survival, but you want to have if you can buy them?
Income
Credit
Wants
Needs
4
What is a bank account where you put money to save, and earn interest on?
Debit Account
Savings Account
Credit Account
Checking Account
5
What does a deposit mean?
Buying a coffee from Starbucks
Adding money to your total
Subtracting money from your total
6
You helped your brothers or sisters with their homework +5.00. What is your new balance?
$25.00
$20.00
$15.00
$5.00
7
What does the acronym ATM stand for?
Automatic Talking Mouse
Automated Teller Machine
Angry Tasmanian Meddler
Atomic Tracking Machine
8
What are the things that you need to help you survive, eg. food, water, shelter?
Wants
Credit
Deposit
Needs
9
What is the money that is put into a person's bank account?
Income
Interest
Withdraw
Deposit
10
What does a withdrawal/debit mean?
How you spent your money
Adding Money to your total
Subtracting money from your total
11
What is a place where money is kept or exchanged?
Withdraw
Bank
Savings Account
Credit
12
What is the money that is paid on top of what is owed or saved?
Finder's Fee
Savings Account
Overdraft Protection
Interest
13
What is the plan that outlines a person's spending and saving across a year or a month?
Time Plan
Budget
Savings Account
Life Plan
14
What does the Rule of 72 help us figure out?
how old I will be 72 years
how long does it take to spend our money
spending plan in 72 years
how long it takes to double our money
15
You skipped doing your homework and were watching TV, -$7.00
$8.00
$25.00
$9.00
$5.00
