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Financial Literacy Flashcards | StudBud

Explore/Financial Literacy

Financial Literacy

9 terms·StudBud Administration·15 plays

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Questions 9

Answers

1
Why is Financial Literacy important?
It equips us with the knowledge and skills to manage money effectively
It doesn't matter for college students
It equips us with the knowledge and skills to mismanage money effectively
2
What is an example of an Expense?
The money you made from your summer internship
Spending money on a hot date
The money someone gave you
3
What are the two biggest influences on your credit score?
Amount of debt and money spent in the past year
Payment history and amount of debt
Where you work and your amount of debt
4
How can you maintain good credit?
Keep balances low on credit cards
Make payments on time
Pay off debt
5
What is credit?
Money you borrow to pay things
A card you use to purchase things
6
What is an example of Income?
The money spent on food for lunch
The wages you earn as an assistant for Koulda Been Rekords
The money spent on a hot date
7
What is your credit report?
A record of how you paid your debts
A record of where you spent money and how much was spent
A record of who you owe money to
8
What is budgeting?
A way to estimate income and expenses for a certain amount of time
A way to track who you owe money to and for what
A way to track what you spend and how much money you have available
9
What event is happening tomorrow during our Kappa Week?
Financial Literacy
Pie a Nupe
Koulda Been Records
Women in the Workplace