stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Finance Flashcards | StudBud
Explore
/
Finance
Finance
21 terms
·
StudBud Administration
·
170 plays
Finance
Flashcards
21 cards
F
Practice quiz
P
Host live
L
Questions
21
Answers
1
Making a budget is a smart thing to do in the future.
False
True
2
What is collateral?
Nothing
A valuable the banks takes if you can't make a payment
Money that you earned
3
A debit card takes money from your checking account.
True
False
4
I have $50 in a savings account that earns 5% a year.How much interest will I earn in 3 years?
6.50
750
7.50
75
5
What is this currency called?
Us dollar
Euro
Evrinville dollar
Canadian dollar
6
A bank will give you as much money as you want if you have bad credit.
False
True
7
If I am buying a house, which loan do I take out?
Mortgage
car loan
None of the above
8
what currency is this called?
Euro
Us dollar
Canadian dollar
A pound
9
You should buy a car with a credit card.
True
False
10
What is income?
Bills
The money you earn
A list of how to spend money
11
Should you spend less than you make.
Yes
I don't make any money
I don't have to I'm rich
No
12
Kelly has $100 in a savings account that earns 5% a year.How much will she have in 2 years?
210
110
115
112
13
What is a budget?
A plan you make with the income coming in
An account to store money
A list of stuff
IDK
14
You will most likely never go into debt.
False
True
15
A mortgage is a loan you get on a car.
False
True
16
Why do you put money in a savings account?
To throw away later
To buy cute clothes
I don't need to save
To save for an emergency
17
If you spend more money than you have is the bank what is that called?
In the negatives
Over budget
Overdraft
18
You can invest in the stock market to make money.
False
True
19
What is this currency called?
Euro
A pound
Us dollar
Canadian dollar
20
A credit card is a card that loans you money.
True
False
21
I left $100 in a saving account for a year with 5% interest. How much interest have I earned?
10
.5
6
5
