stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Middle School Personal Finance Review Flashcards | StudBud
Explore
/
Middle School Personal Finance Review
Middle School Personal Finance Review
27 terms
·
StudBud Administration
·
1,289 plays
#Personal Finance
Flashcards
27 cards
F
Practice quiz
P
Host live
L
Questions
27
Answers
1
When a bill stays the same from month to month for goods or services.
Variable Expense
Loan
Fixed Expense
Credit
2
Buying a piece of a company "share" with hopes that it will increase in value and return income.
Purchasing Power
Stock Investment
Checking Accont
Income
3
What is the major difference between a debit card and a credit card?
A debit card uses your own money, while a credit card uses borrowed money.
You can only get money out of the bank using a debit card.
They are both the same.
Credit cards charges interest if you don't pay the balance
4
Retirement savings plan that companies offer to their employees.
529
Budget
Savings
401K
5
What is a benefit of having a high credit score?
It eliminates the need for a budget
It guarantees approval for any loan
It reduces the total amount of debt you can take on
It can make it easier and cheaper to borrow money in the future
6
Compute the total cost for a sit down dinner that costs $80 and a 20% tip.
$84
$100
$96
$81.60
7
How much tip will tip if you want to leave a 15% on a $50 food delivery.
$7.50
$15
$15
$5.5
8
According to the stock market, what is an IPO?
Investment Purchase Order
Individual Profit Opportunity
Immediate Purchase Option
Initial Public Offering
9
How do websites track users' activity online?
Answering Surveys
Monitoring browser history
Tracking IP addresses
By using small pieces of data called cookies
10
An Automated Teller Machine enables customers to perform financial transactions.
May charge a fee
All of the answers
Deposit Money
Withdraw Money
11
When a bill changes from month to month for a goods or services.
Loan
Fixed Expense
Credit
Variable Expense
12
Which one of these would be an example of revolving debt?
Car Loan
Using Your Debit Card for a Purchase
Mortgage
Credit Card Debt
13
Money earned for completing a job or service, investments,... Money coming in.
Income
Deposit
Budget
Investment
14
Compute Jon's weekly gross pay, he earns $10 an hour and works 40 hours.
$40.00
$4000.00
$440.00
$400.00
15
What is the main goal of advertising?
To get consumers to buy things they need
Make consumers spend money on things that will make them happy
To get consumers to save their money instead of spending it
To get consumers to spend money on anything, whether they need it or not
16
A paper document written out that orders a bank to pay a specific amount of money from a person's checking account.
Check
Loan
Budget
Withdraw
17
Putting money into an account with a bank or other financial institution.
Investment
Deposit
Interest
Withdraw
18
An account that pays small interest and allows members to write checks from.
Checking Account
401k
403B
Savings Accont
19
When a bill changes from month to month for goods or services.
Loan
Fixed Expense
Debt
Variable Expense
20
A score that measures your creditworthiness. Based on debt to income ratio, savings, & credit.
Debt
Credit Card
Credit Score
Budget
21
Is the income you have earned before taxes or adjustments are taken out.
Debt
Gross Pay
Interest
Net Pay
22
Required payments to the United States Government from its citizens to help fund improvements.
Taxes
Credit
Deposit
Currency
23
What is social proof?
The proof that social media influencers provide of their popularity
The proof that advertisers provide that their products are effective
Consumers will go with whatever seems to be the most popular option
Proof that social media platforms provide that their users are real people
24
Compute Weekly Gross Pay for: $8 an hour and a 40 hour work week.
$160
$240
$48
$320
25
Compute 10% discount on $90 pair of shoes.
$10.00
$9.00
$0.90
$18.00
26
A financial plan that allocates income and expenses. Helps keep people on track with spending.
Investment Banker
Bank
Loan
Budget
27
Improving your financial stability would include all of the following except?
Don't take out a car loan
Set up an emergency fund
Keeping up with the Jones
Pay off credit card bills