stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
9 terms
·
StudBud Administration
·
30 plays
Imported from external platform
Flashcards
9 cards
F
Practice quiz
P
Host live
L
Questions
9
Answers
1
What is inflation?
Shops randomly change prices for fun
The value of money increases, so things get cheaper every year.
The government prints more money, making everyone instantly richer.
Price of goods and services rises over time, meaning your money buys less.
2
What is compound interest?
It’s a one-time bonus added to your savings.
It's just a special type of bank account
You get paid the same amount of interest every year.
Interest on your savings and the interest you've earned.
3
What is the average UK House Price?
£122,000
£229,002
£80,980
£267,200
4
How many people aged 18-24-year-olds would be described as problem gamblers?
6%
9.1%
34%
3%
5
What are the chances of losing your job in your lifetime?
45%
20%
3%
10%
6
What is the average UK Salary
£52,603
£1002.00
£29,840
£36,920
7
What's the minimum you need to save per month from age 25 to be a millionaire at 65?
£890,00
£380.00
£690.00
£980,23
8
Total cost of university in the UK in 2025 for 3 years, including tuition fees, halls of residence, living expenses?
£35,612.12
£45,690.00
£252,612.54
£78,622.50
9
4) How much debt does the average person in the UK have excluding mortgages?
£12,626.21
£17,076.00
£12,367.99
£288.34
