What is saving money?

Putting money aside to use later

A piece of ownership in a company

A plan for spending and saving money

What is an impulse buy?

Buying something without planning

What is an impulse buy?

Buying something without planning

How does saving money help you?

You are prepared for future needs

What is saving money?

Putting money aside to use later

A piece of ownership in a company

A plan for spending and saving money

What is saving money?

Putting money aside to use later

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Dr Nathan's Financial Literacy Basics

70 termsStudBud Administration

Test your knowledge on fundamental concepts of money management, banking, saving, and spending wisely.

Flashcards70 cardsFPractice quizPHost liveL

Questions 70

Answers

1
How can a budget help you?
It keeps you organized
It gets you a pet
It buys you a car
It teaches you to sing
2
What do charities do?
Make TV shows
Help people and causes
Sell video games
Build malls
3
Which service do banks provide?
Selling candy
Loans
Making toys
Building parks
4
What is saving money?
Putting money aside to use later
Giving it all away
Buying more candy
Spending it all immediately
5
True or false: Charitable giving is donating to help others.
False
True
6
What is a stock?
A piece of ownership in a company
A car
A toy
A cake
7
What is a budget?
A type of ice cream
A drawing
A plan for spending and saving money
A fun dance
8
What can you NOT buy with money?
Books
Clothes
Friendship
Groceries
9
What happens if you spend more than you earn?
You get more money automatically
You win a prize
You run out of money
You find money
10
What is an impulse buy?
Comparing prices carefully
Waiting for a sale
Saving up for a big item
Buying something without planning
11
Where is your money kept safe?
Bank
School
Grocery store
Park
12
What is an impulse buy?
Saving up for a big item
Buying something without planning
Comparing prices carefully
Waiting for a sale
13
What do banks help people do?
Lose money
Eat food
Save money
Hide toys
14
How does saving money help you?
You are prepared for future needs
You lose it faster
You eat more
You forget it
15
What is a good reason to save money?
Forgetting about it
Losing it
Spending it faster
Buying something special later
16
What is saving money?
Buying more candy
Spending it all immediately
Giving it all away
Putting money aside to use later
17
What can you open at a bank?
Book club
Savings account
Playground
Candy store
18
When shopping, what should you compare?
Size of the store
Number of shopping carts
Colors only
Prices
19
What should you do before spending money?
Buy everything you see
Think about needs and wants
Only listen to ads
Spend money randomly
20
What is a stock?
A car
A piece of ownership in a company
A toy
A cake
21
What is Japan’s currency?
Pound
Yen
Dollar
Peso
22
If you have $5 and a toy costs $6, should you buy it?
Only if it’s pink
No, you don't have enough
Yes, it’s okay
Maybe, if you want it
23
What tool helps you save money at a bank?
Ice cream truck
Couch cushions
Toy store
Savings account
24
What can you open at a bank?
Book club
Candy store
Playground
Savings account
25
Why make a budget?
To forget your money
To spend everything
To control your money
To lose your money
26
What is a good?
A type of food
A swimming pool
An item you can buy
A place to live
27
What is a checking account used for?
Spending money
Singing songs
Planting flowers
Walking dogs
28
What do banks help people do?
Eat food
Lose money
Hide toys
Save money
29
What should you put into a budget?
Your shoe size
Your income and expenses
Your favorite color
Your favorite song
30
What is a good reason to save money?
Forgetting about it
Losing it
Spending it faster
Buying something special later
31
What is smart spending?
Making good choices with money
Buying only toys
Spending all your money quickly
Never spending anything
32
Which is an example of investing?
Buying ice cream
Buying candy
Buying a hat
Buying stocks
33
What is the main purpose of money?
To buy goods and services
To color pictures
To dance
To build sandcastles
34
What should you put into a budget?
Your favorite color
Your shoe size
Your favorite song
Your income and expenses
35
Which job could a kid do to earn money?
Eating snacks
Playing video games
Babysitting
Taking naps
36
What should you do before spending money?
Spend money randomly
Think about needs and wants
Buy everything you see
Only listen to ads
37
What is money called in the United States?
Dollar
Pound
Yen
Euro
38
Which is NOT a way to earn money?
Babysitting
Sleeping all day
Walking dogs
Selling lemonade
39
Why do people give to charity?
To win prizes
To help others
To buy more toys
To get more allowance
40
Where is a safe place to save money?
In your shoe
Behind a tree
Under your bed
Bank account
41
What is a budget?
A type of ice cream
A drawing
A plan for spending and saving money
A fun dance
42
What is a good reason to save money?
Spending it faster
Losing it
Forgetting about it
Buying something special later
43
What can you open at a bank?
Candy store
Playground
Book club
Savings account
44
What is an allowance?
Money found on the street
Money for winning a contest
Money given for doing chores
Money for sleeping
45
What is a checking account used for?
Planting flowers
Walking dogs
Spending money
Singing songs
46
What is smart spending?
Buying only toys
Never spending anything
Spending all your money quickly
Making good choices with money
47
What is saving money?
Giving it all away
Buying more candy
Spending it all immediately
Putting money aside to use later
48
What can you donate?
Rocks, sticks, or dirt
Money, clothes, or time
Candy, jokes, or flowers
Clouds, rain, or snow
49
Where is your money kept safe?
Bank
School
Park
Grocery store
50
Which of these is NOT a way to earn money?
Sleeping all day
Babysitting
Selling lemonade
Walking dogs
51
What do you call a person who earns money by working?
Employee
Visitor
Magician
Traveler
52
What is an allowance?
Money for winning a contest
Money found on the street
Money for sleeping
Money given for doing chores
53
What could happen when you invest?
You always lose money
Nothing ever changes
You might earn more money
You always win money
54
What is investing?
Losing money on purpose
Using money to try to grow your wealth
Spending money at the mall
Hiding money at home
55
What do you call a person who earns money by working?
Employee
Traveler
Magician
Visitor
56
Which of these is a type of money?
Pencil
Poster
Peso
Pizza
57
What is an allowance?
Money for sleeping
Money for winning a contest
Money given for doing chores
Money found on the street
58
Why do we use money instead of trading goods?
It’s heavier
It smells better
It’s easier and faster
It’s more confusing
59
Which currency is used in the United Kingdom?
Pound
Euro
Dollar
Yen
60
If you have $5 and a toy costs $6, should you buy it?
Yes, it’s okay
Maybe, if you want it
Only if it’s pink
No, you don't have enough
61
Where is your money kept safe?
Park
School
Bank
Grocery store
62
Which is an example of giving to charity?
Buying a new phone
Donating clothes
Eating pizza
Building a sandcastle
63
Which is an example of giving to charity?
Eating pizza
Donating clothes
Buying a new phone
Building a sandcastle
64
Which country uses the Euro?
Germany
Japan
Brazil
Canada
65
What is a risk of investing?
You could lose money
You grow taller
You become famous
You get free candy
66
What is a service you can pay for?
A stuffed animal
A pizza
A haircut
A toy car
67
What is the main purpose of money?
To buy goods and services
To color pictures
To dance
To build sandcastles
68
What is charitable giving?
Saving only for you
Spending on candy
Donating to help others
Buying things for yourself
69
What is investing?
Spending money at the mall
Using money to try to grow your wealth
Losing money on purpose
Hiding money at home
70
What is a budget?
A fun dance
A type of ice cream
A drawing
A plan for spending and saving money

Dr Nathan's Financial Literacy Basics Flashcards | StudBud

Dr Nathan's Financial Literacy Basics

70 termsStudBud Administration

Test your knowledge on fundamental concepts of money management, banking, saving, and spending wisely.

Flashcards70 cardsFPractice quizPHost liveL

Questions 70

Answers

1
How can a budget help you?
It keeps you organized
It gets you a pet
It buys you a car
It teaches you to sing
2
What do charities do?
Make TV shows
Help people and causes
Sell video games
Build malls
3
Which service do banks provide?
Selling candy
Loans
Making toys
Building parks
4
What is saving money?
Putting money aside to use later
Giving it all away
Buying more candy
Spending it all immediately
5
True or false: Charitable giving is donating to help others.
False
True
6
What is a stock?
A piece of ownership in a company
A car
A toy
A cake
7
What is a budget?
A type of ice cream
A drawing
A plan for spending and saving money
A fun dance
8
What can you NOT buy with money?
Books
Clothes
Friendship
Groceries
9
What happens if you spend more than you earn?
You get more money automatically
You win a prize
You run out of money
You find money
10
What is an impulse buy?
Comparing prices carefully
Waiting for a sale
Saving up for a big item
Buying something without planning
11
Where is your money kept safe?
Bank
School
Grocery store
Park
12
What is an impulse buy?
Saving up for a big item
Buying something without planning
Comparing prices carefully
Waiting for a sale
13
What do banks help people do?
Lose money
Eat food
Save money
Hide toys
14
How does saving money help you?
You are prepared for future needs
You lose it faster
You eat more
You forget it
15
What is a good reason to save money?
Forgetting about it
Losing it
Spending it faster
Buying something special later
16
What is saving money?
Buying more candy
Spending it all immediately
Giving it all away
Putting money aside to use later
17
What can you open at a bank?
Book club
Savings account
Playground
Candy store
18
When shopping, what should you compare?
Size of the store
Number of shopping carts
Colors only
Prices
19
What should you do before spending money?
Buy everything you see
Think about needs and wants
Only listen to ads
Spend money randomly
20
What is a stock?
A car
A piece of ownership in a company
A toy
A cake
21
What is Japan’s currency?
Pound
Yen
Dollar
Peso
22
If you have $5 and a toy costs $6, should you buy it?
Only if it’s pink
No, you don't have enough
Yes, it’s okay
Maybe, if you want it
23
What tool helps you save money at a bank?
Ice cream truck
Couch cushions
Toy store
Savings account
24
What can you open at a bank?
Book club
Candy store
Playground
Savings account
25
Why make a budget?
To forget your money
To spend everything
To control your money
To lose your money
26
What is a good?
A type of food
A swimming pool
An item you can buy
A place to live
27
What is a checking account used for?
Spending money
Singing songs
Planting flowers
Walking dogs
28
What do banks help people do?
Eat food
Lose money
Hide toys
Save money
29
What should you put into a budget?
Your shoe size
Your income and expenses
Your favorite color
Your favorite song
30
What is a good reason to save money?
Forgetting about it
Losing it
Spending it faster
Buying something special later
31
What is smart spending?
Making good choices with money
Buying only toys
Spending all your money quickly
Never spending anything
32
Which is an example of investing?
Buying ice cream
Buying candy
Buying a hat
Buying stocks
33
What is the main purpose of money?
To buy goods and services
To color pictures
To dance
To build sandcastles
34
What should you put into a budget?
Your favorite color
Your shoe size
Your favorite song
Your income and expenses
35
Which job could a kid do to earn money?
Eating snacks
Playing video games
Babysitting
Taking naps
36
What should you do before spending money?
Spend money randomly
Think about needs and wants
Buy everything you see
Only listen to ads
37
What is money called in the United States?
Dollar
Pound
Yen
Euro
38
Which is NOT a way to earn money?
Babysitting
Sleeping all day
Walking dogs
Selling lemonade
39
Why do people give to charity?
To win prizes
To help others
To buy more toys
To get more allowance
40
Where is a safe place to save money?
In your shoe
Behind a tree
Under your bed
Bank account
41
What is a budget?
A type of ice cream
A drawing
A plan for spending and saving money
A fun dance
42
What is a good reason to save money?
Spending it faster
Losing it
Forgetting about it
Buying something special later
43
What can you open at a bank?
Candy store
Playground
Book club
Savings account
44
What is an allowance?
Money found on the street
Money for winning a contest
Money given for doing chores
Money for sleeping
45
What is a checking account used for?
Planting flowers
Walking dogs
Spending money
Singing songs
46
What is smart spending?
Buying only toys
Never spending anything
Spending all your money quickly
Making good choices with money
47
What is saving money?
Giving it all away
Buying more candy
Spending it all immediately
Putting money aside to use later
48
What can you donate?
Rocks, sticks, or dirt
Money, clothes, or time
Candy, jokes, or flowers
Clouds, rain, or snow
49
Where is your money kept safe?
Bank
School
Park
Grocery store
50
Which of these is NOT a way to earn money?
Sleeping all day
Babysitting
Selling lemonade
Walking dogs
51
What do you call a person who earns money by working?
Employee
Visitor
Magician
Traveler
52
What is an allowance?
Money for winning a contest
Money found on the street
Money for sleeping
Money given for doing chores
53
What could happen when you invest?
You always lose money
Nothing ever changes
You might earn more money
You always win money
54
What is investing?
Losing money on purpose
Using money to try to grow your wealth
Spending money at the mall
Hiding money at home
55
What do you call a person who earns money by working?
Employee
Traveler
Magician
Visitor
56
Which of these is a type of money?
Pencil
Poster
Peso
Pizza
57
What is an allowance?
Money for sleeping
Money for winning a contest
Money given for doing chores
Money found on the street
58
Why do we use money instead of trading goods?
It’s heavier
It smells better
It’s easier and faster
It’s more confusing
59
Which currency is used in the United Kingdom?
Pound
Euro
Dollar
Yen
60
If you have $5 and a toy costs $6, should you buy it?
Yes, it’s okay
Maybe, if you want it
Only if it’s pink
No, you don't have enough
61
Where is your money kept safe?
Park
School
Bank
Grocery store
62
Which is an example of giving to charity?
Buying a new phone
Donating clothes
Eating pizza
Building a sandcastle
63
Which is an example of giving to charity?
Eating pizza
Donating clothes
Buying a new phone
Building a sandcastle
64
Which country uses the Euro?
Germany
Japan
Brazil
Canada
65
What is a risk of investing?
You could lose money
You grow taller
You become famous
You get free candy
66
What is a service you can pay for?
A stuffed animal
A pizza
A haircut
A toy car
67
What is the main purpose of money?
To buy goods and services
To color pictures
To dance
To build sandcastles
68
What is charitable giving?
Saving only for you
Spending on candy
Donating to help others
Buying things for yourself
69
What is investing?
Spending money at the mall
Using money to try to grow your wealth
Losing money on purpose
Hiding money at home
70
What is a budget?
A fun dance
A type of ice cream
A drawing
A plan for spending and saving money