stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics and ecology Flashcards | StudBud
Explore
/
Economics and ecology
Economics and ecology
100 terms
·
StudBud Administration
Imported from external platform
Flashcards
100 cards
F
Practice quiz
P
Host live
L
Questions
100
Answers
1
Gross pay
when all dedutions are taken out
total amount you earn before dedutions
total amount
money from work
2
Is it true that safety is a part of credit
True
False
3
Can a taxpayer be eligible for more than one filing status
True
False
4
IRS
international reveue service
internal renue service
internal renue service
internal reveue service
5
what should not be in the education part of your resume
a high school you attened
your work experience in dollar general
a college you attended
a college course you took in high school
6
what is the best word count for a cover letter
300 words
200 words
350 words
250 words
7
Is earned income something that comes in from working
False
True
8
what should not be considered a skill in a resume
Management
Collaboration
Academic result
Leadership
9
you need to budget that way you can maintain practical ___
financial dreams
financial goals
saving dreams
saving goals
10
Tax
amount taken out of your payment
required payment by goverment
amount of money the taxpayer can reduce
tax-filing group
11
which is most rare of the factors of production
Labour
enterprise
land
Capital
12
Tax bracket
A form filied with a tax authority that reports income
amount you can subtract from your income
A range of income subject to a certain income tax rate
form filled with taxes
13
if you rent or buy it is essential to set aside money for
rooms
cabnets
pets
furniture
14
What is 1 type of financial institution
Insurance company
dog park
Grocery store
atm
15
the limited nature of society’s resources is known as
allocation
Government assests
scarcity
basic economic questions
16
is it essential to consider years till retirement when deciding on savings and investing
True
False
17
Optional dedutions
clothes
insurance
house payment
food dedutions
18
you must consider which of them following for budgeting and cost of living
how many animals?
how many houses?
how many kids?
how many jobs?
19
What do checking accounts offer
apple pay
cashapp
ATM
direct deposit
20
Is it true that purchase power is a disadvantage of credit
False
True
21
what is a disadvantage
low risk
easily accessible
property
accessible
22
Bank
Individual that handles money
financial institution recieves money
financial services to customers
borrower of money
23
what is an advantage of an investment plan
grow with the economy
low returns
takes time to research
Retirement plans
24
Title transfer
change in ownership over goods or property
change in money
goods or property being took
change in credit cards
25
people use there savings for cars
False
True
26
What is personal finance
financal management
investing
currency
saving money
27
Unearned income
getting money without working
working for money
sick pay
Retirement
28
the 4 productive resources are
nature, capital, human resources, entrepreneurship
stones, clothespins, plastic baggies and straws
resources, productivity, tools, and technology
land, labor, water, people
29
Credit cards
credit that comes with a card
money you have to put on a card
a card that you can spend on whatever
a card you dont have to pay back
30
in the circular flow model, households have goods and services, but want productive services
False
True
31
what are two players in a basic circular motion
Government and businesses
goverment and consumers
goverment and households
households and businesses
32
you have to ensure your ___ is always higher than ____
income, expenses
spending, sxpenses
income, spending
spending, income
33
you should not apologize for your missing experience in a cover letter
False
True
34
What is a strategy for debt mangement
take out a loan
buy a dog
go shopping
always know what you owe
35
Personal finance includes
spending
retirement
funding
charity
36
How do you repair your credit score
keep old credit cards
get a loan
have a payment strategy
pay bills late
37
Exemption
refers to range of income
amount you can subtract from your income
collect income taxes
getting money without working
38
all choices entail an opportunity cost
True
False
39
to be financially ___ you need to make sure your income is higher than you expenses
savvy
good
savage
easy
40
what are cost of investments
inflation
penalties
commision
market risk
41
the income earned from enterprise
loss
wages/salaries
profit
intrest
42
Loans
the bank offers a consumer intrest rate
help with access to credit
allows withdraws and deposits
a sum of money to a borrower
43
How do you get to where you want to go
real-life and school
advancment and education
sleep and goals
Advance and goals
44
the income earned from capital is
wages/salaries
loss
intrest
profit
45
an example of technical skill
welding
walking
talking
Communication
46
what is a advantage of saving plans
property
stocks
tax-favored
mutal funds
47
Microeconomics involves
inflation, growth, employment, intrest rates
the broader economy
only households selling resources
Individuals, households, and businesses
48
Is deposit the amount of money kept in a bank
False
True
49
Is it true that financial institutions provide travelers check
True
False
50
what are two items that must be added for a society to produce outside its PPF
more recourses and productivity
more trucks and works
more recourses and land
more resources and new technology
51
Economics is the study of
goverment deciding what to produce
consumers deciding what to buy
limited recourses to satisfy unlimited wants
peopleing controlling money in an economy
52
the risk and return trade off
greater risk a lender takes in making a loan
acts as a go between for buyers and sellers
intrest earned on the principle amount
a list of your investmest ans assets
53
how much does a financial planner recomend you save
20%
10%
50%
20%
54
what type of format is a cover letter
bussiness letter
office memo
friendly letter
school letter
55
Is it true that you need to choose a career that suits your lifestyle
False
True
56
Annual Percent Rates (APR)
refers to yearly income rates
refers to monthly income rates
refers to yearly interest rates
refers to monthly interest rates
57
What are steps to applying for employment
walking around
search for jobs using internet
going to school
laying in bed
58
what should you do in a cover letter
go beyond your resume
all of the above
highlight the right experience
showcase your skills
59
Creditors are
this type of credit requires full payment
credit you can borrow on an ongoing basis
known as lenders, persons, business
is the ability to borrow money from someone
60
what is a budgeting tip
keep your goals in mind
get money out every week
ask for loans
save money
61
this is the formula for compound interest [p(1+x)n]-n
False
True
62
what is a disadvantage of investment plan
easy to buy
high risk
money market funds
VUL insurance plan
63
You get a good credit score by paying your bills on time
False
True
64
What is smart goals
Space, Measurable, Achieving, Realistic, Time-bound
Specific, Measurable, Achieving, Realistic, Time-bound
Space, Measure, Achievements, Reasonable, Time
Specific, Meausure, act, real, time
65
it is smart to have which of the following to protect yourself
house insurance
health insurance
life insurance
car insurance
66
Savings
relating to money or currency
an account of a financial institution
advances a sum of money
Individual puts money into a account
67
what is a cover letter
a letter that covers the required material
a paper that covers the resume
a letter that you just wrote for fun
a letter that introduces you to the employer
68
what are types of saving plans
liquidity
money market accounts
Commission
high tolerance
69
How long is long term goals
10 months
12 months
5 years or longer
2 weeks
70
Is it true that charge cards are a part of credit
True
False
71
budget
the payment does not change
it can change
a plan for making and spending money
defining the problem or opportunity
72
Adding personal information to a resume is appropriate
False
True
73
How do you get a credit card or a loan
find a loaner
ask for one
find a bank
make a list
74
Is social and medicare a goverment program
True
False
75
what sections should not be included in a resume
work experience
awards/achievements
information of your bank account
education
76
the tree basic questions are: what to produce, how to produce and
how to consume
who gets to consume
who produces
what to consume
77
what is a type of investing plans
VUL insurance
CD
cash management
high-yield saving
78
why financial institution's beneficial
checking
loans
debt
economy
79
Rewards
were you can earn a phone
were you can earn cash
were you can earn gift cards
were you can earn a house
80
the pupose of your resume is
to get a job interview
to get free things
to brag about yourself
get a prom date
81
what do you need to maintain money
spend
paying
budget
save
82
is it true you must consider if you will be married or not for budgeting
False
True
83
What are steps to creating a goal
make a list
make it diffeernt then others
make it spaced out
make an action plan
84
Define monetary
relating to money or currency
realting to stores
related to insurance
relating to bills
85
Why does you credit score matter
can get a house
can help with insurance
To make you look good
can help you get a job
86
How long is short term goals
within weeks
within a couple years
5 years
10 years
87
what are the two markets in a "basic" circular clow model
resource and product market
labor and goods market
goods and service market
natural and capital markets
88
Tax revenues
food and clothing
public works and services
stores
house and car
89
Why do you dig into the future
helping you understand
helping you financially
helping you with a house
helping with your family
90
what should you not do in a cover letter
tell your strenghts
focus on the opportunity and company
say "hi my name is __"
tell a story about a specific accomplishment
91
Is it true that allowances are done by yourself
False
True
92
what is essential when it comes to personal finance
Draining your bank account
saving
budgeting
spending
93
what is a type of rational decision-making process
short term goals
spending money
Variable expenses
Identify alternatives
94
What is a type of checking account
Cultural
Heritage
Traditional
Checking account
95
You can write checks without having money in a checking account
False
True
96
How does personal finace help you in the future
better you life and achieve goals
helps you buy a house
helps you get a head start on life
helps you build a family
97
the income earned for labor is
wages/salaries
rent
jobseekers benifit
the dole
98
What is 1 type of electronic monetary transaction
cashapp
credit cards
phone
apple pay
99
what are the basics of a cover letter
contact information
signature
all of the above
gretting
100
your cover letter should be addressed to
"to whom it may concern"
the company's name
a "specic person "
"Dear sir or madam
