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High School Financial Literacy Flashcards | StudBud
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High School Financial Literacy
High School Financial Literacy
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A review of vocabulary for financial literacy
Flashcards
30 cards
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Questions
30
Answers
1
A degree awarded by a college or university for completing undergraduate studies.
Doctorial Degree
Bachelor's Degree
Master's Degree
Associate Degree
2
Anything you spend money on, from gum to cell phone bill.
Debt
Expenses
Necessities
Allowance
3
A scam where someone tried to deceive you into providing personal information.
Hunting
Phishing
Fishing
Trapping
4
Debit card is being attached to this bank account.
Credit account
Checking
Savings
Debit account
5
A numerical rating of your credit-worthiness.
Credit History
Credit Report
Credit Limit
Credit Score
6
Monthly BANK report that states your transactions and balance
WALL STREET JOURNAL
CREDIT REPORT
ACCOUNT BANK STATEMENT
REPORT CARD
7
This is a form students use to apply of federal education grants and loans.
FFA
FICO
FAFSA
FDIC
8
Owner of property is called
Free loader
Landlord
Renter
Occupant
9
Refers to how much money an investor could potentially earn from an investment.
Return
Seed Money
Income
Risk
10
Given to students to help pay for their education and do not have to be repaid.
Tax refund
Birthday money
Award
Grant
11
A type of bank account that is mostly used to put money away in case of emergencies.
911 account
Savings
Checking
Loan
12
In NYC, these taxes are being withdrawn from our paychecks:
Federal and State
Federal, State and City
Federal, State, City and Bronx County
Federal only
13
Occures when a borrower is unalbe to repay a debt.
Phone call to parents.
Audit
Visit from FBI
Default
14
Money which your bank account earns.
Rewards
Balance
Bonuses
Interest
15
A tax form an employee fills out that tells the IRS how much money to take out of the paycheck.
1099
W-4
W-2
WD-40
16
This type of card is being used to make purchases and pay later.
Birthday card
Debit card
Gift card
Credit card
17
Refers to how easily and quickly your assets, like your money, can be moved.
Disposability
Removability
Fluidity
Liquidity
18
This machine allows you to make electronic deposits and withdrawals from your bank accounts.
ATM
ABC
AMC
Magic
19
Property owned by an individual or an organization that has some value.
Credit
Asset
Money
Treasure
20
A type of insurance that protects a policy holder in the case of a car accident.
Full Coverage Insurance
Auto Insurance
Personal Insurance
Home owners Insurance
21
I am financially literate.
No
Yes
22
YTD sands for....
You're the daddy
Year to date
Yell the day
Year time date
23
Government agency in charge to collecting taxes from U.S. citizens.
SOS
FBI
IRS
RIP
24
Amount of money (minus interest) you owe on a debt.
Debit
Interest
Principal
Credit
25
This occurs in case your bank account becomes negative.
Overdraft fees
Arrest
Slap on a hand
Penalty
26
A degree granted after two years of study, often by a community or junior college.
Bachelor's
Associate's
Master's
Doctorial
27
A payment type used for upfront payments and used to pay for goods and services.
Cash
Debit Card
All of these
Money Order
28
A plan of how you will spend the money that you make.
Budget
Disbursement
Funds
Statement
29
A tax form that says how much employee has earned over the year.
W-4
1099
W-2
Receipt
30
A request you make to an insurance company for payment of the benefits allowed by your coverage.
Premium
Claim
Demand
Order