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Financial Literacy. Review Flashcards | StudBud

Explore/Financial Literacy. Review

Financial Literacy. Review

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Questions 11

Answers

1
If you make $1000 per month, do you think you will be able to afford a 3 bedroom appartment?
Yeah, I guess so...
Not at all.
Yes, of course!
IDK
2
Which of the following are expenses?
mortgage
Hydro bills
all of the above
Phone bills
3
If you make $1000 per month, how much is that in a year?
$12,000
$11,999
Obviously -22 million
$12,001
4
What is budgeting?
Financial management
Tracking income and expenditure
All of the above
A financial plan
5
What is interest?
What you get when you pay your taxes on time.
When you can't pay for your crush's lunch
When you have a crush on the new girl in town
What is added when you can't pay your bills
6
What are Expenses?
American Eagle
Money coming in
Money going out
Your college dorm room
7
Define Expenses.
What is earned or made available to you.
A verify that your checkbook register balances.
The amount of money you spend to pay bills or for other needs and wants.
A list of transactions in your checking account over the month.
8
What is Salary?
It's a kind of Bill, from Bill Nye the Science Guy.
What you put in your salad, duh.
Umm... do you mean celery??!!?!
Fixed regular payment, annual sum
9
It's not a good idea to think about how you spend your money.
True
False
10
What is budgeting rule?
income less then expence
income is more then your spending money
11
Fixed expenses are
Expenses that change from month to month
Money you put in savings
Expenses that cost the same every month
Expenses that happen every once in a while