What do you think the statement "being smart with money' means?

All of the above, Buying what you need

good reasons to be in debt

Get a degree to to get a well paying job, To fulfill a dream of going to school., Start a business

What would be the smartest option to put your money.

making investments and savings plan

What are some careers in Finance?

Accounting, Banker or Insurance industry, Financial planning

The cost of using someone else's money

Overdue money that you owe someone/the bank

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Financial Literacy

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Financial Literacy Project

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Questions 16

Answers

1
What are some steps you can take to avoid going into debt in the future?
Make an investments, savings plan and Make a saving goal
Start saving now so you you have money in the future.
Deal with your money responsibly and Spending money wisely
All of the above
2
What are the different types of debt?
Business debt/Joint debts
Payday loan debts
All of the above
Student loan debt
3
When should you start saving money?
When you get a job
When you start earning money
12-14 years old
None of the answers
4
How do you save money. Which method would you trust to get you more money in the future.
Make a monthly investment
Make saving goal
All of the above
Budget
5
What do you think the statement "being smart with money' means?
Spending money wisely
All of the above
Dealing with money responsibly
Buying what you need
6
How long does it take to save money?
A very long time
A couple of years
20-30 years
It varies the amount you make
7
good reasons to be in debt
To buy the latest model of a car.
Get a degree to to get a well paying job
To fulfill a dream of going to school.
Start a business
8
Do you make money or lose money from interest?
Both
Lose Money
Make Money
9
What would be the smartest option to put your money.
money market fund or deposit account
certificates of deposit
making investments and savings plan
High yield bank accounts
10
examples of Good reasons to be in debt.
student loans
Mortgages
car loans
credit cards
11
What is a R.E.S.P?
Investment for parents in Canada to save for child school
#1 and #4
Regular economy structural plan
Registered Education Savings Plan
12
What are some careers in Finance?
Accounting, Banker or Insurance industry
All of the above
Financial planning
Manager at the mall.
13
What is interest?
Lending money
Answers #1 and #2
The cost of using someone else's money
Waiting for the bank to give you money each month
14
What is the difference between wants and needs? Which of these are examples of a want.
All of the above
A new phone
Food
Brand new car
15
What kinds of bank accounts can you put your money in?
Money market account
Certificate of deposit
Checking account or Savings account
All of the above
16
What is debt?
Overdue Money that someone owes you
Overdue money that you owe someone/the bank
Money that you make each month
Money that you lose each month

Financial Literacy Flashcards | StudBud