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Financial literacy Flashcards | StudBud

Explore/Financial literacy

Financial literacy

5 terms·StudBud Administration·141 plays

#math #financial #literacy #7th grade

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Questions 5

Answers

1
What can a budget do?
All of the above
Plans for expected costs and unexpected cost.
develop money management skills and responsibility
Cut spending, spend wisely And Save for a car vacation etc.
2
Borrowing money by using money that is loaned to you and is paid back with ________
Interest
A herd of elephants
Change
A bank deposit
3
What are some advatages to a credit card?
easy to carry, offer rewards, can improve credit score
Not mentioned
easy to carry, easy to use, PIN protected,
saves time, ability to buy online
4
What are some disadvantages to using cash as a method of payment?
It's green, gives paper cuts, smells bad
online purchases impossible, little proof of purchase
Hard to handle, not enough in the world, easy to lose
Nothing, cash is perfect.
5
Pay bills on time. Pay yourself first. Avoid overdraft fees. These are tips for what?
Methods of payment.
Wht a badger can do.
Responsible financial behavior.
Collage savings plans.