stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Review Flashcards | StudBud
Explore
/
Financial Literacy Review
Financial Literacy Review
31 terms
·
StudBud Administration
·
62 plays
Financial Literacy Review
Flashcards
31 cards
F
Practice quiz
P
Host live
L
Questions
31
Answers
1
Offers financial services
Bank
Both
Credit Union
2
Which of the following statements is NOT true?
Most people have several careers throughout their lifetime.
Jobs are paid positions.
People can develop human capital in a variety of ways.
3
Membership requirements to open an account
Bank
Credit Union
Both
4
A SMART Goal is...
Specific, Measurable, Amazing, Realistic, Timed
Specific, Measurable, Achievable, Realistic, Time-Bound
Specific, Mental, Artistic, Realistic, Time-Bound
Spunky, Manic, Amazing, Red, Timid
5
A resume is...
Summary of Skills, Education, Employment, etc
A Coloring Page
A Letter to your future employer
Personal Contact Information Only
6
Managing money continuously through life in order to reach financial goals
Financial Planning
Economics
Trade-Off
Financial Goals
7
Bank Statements are compared to the check register when ___________________ the account.
Reconcilling
Pin Number
Check Register
Check
8
True or False: It is important to have a low interest rate when saving.
True
False
9
Any one can open an account here.
Credit Union
Both
Bank
10
This class is called...
Money 101
Financial Literacy
Tech Literacy
11
U have been approached by a person saying u do not owe taxes even though you have been working.
Tax Fraud
Credit Fraud
Communications Fraud
Investment Fraud
12
You must have this type of insurance if you are driving a car.
Property Insurance
Liability Insurance
Renters Insurance
Health Insurance
13
When there is more income than expenses
Net Loss
Spending Plan
Income
Net Gain
14
Insurance can be purchased to protect one from which of the following losses?
Car maintenance
Stock market losses
Maintaining the price of your home
Health care expenses
15
1+1+2=
3
4
5
6
16
When reviewing a pay stub to see how much money earned
BEFORE
deductions u check which column?
Net Income
Employer Contributions
Hours and Earnings
Gross Income
17
Pasco High Schools mascot's name is
Spike
Sergio
Shaun
Sheldon
18
A Loan which the borrower must repay the amount in a specified number of equal payments
Title Loan
Closed End Credit
Open End Credit
Rent to Own Loan
19
The borrower gives the lender his/her automobile title in exchange for a set amount of cash.
Open End Credit
Title Loan
Rent to Own Loan
Closed End Credit
20
Debit Cards require using this to access the account to perform transactions
Check
Check Register
PIN Number
Reconcilling
21
You have chosen your dog to be the beneficiary of a life insurance policy. What does this mean?
Your dog pay the insurance premiums to keep the policy.
Your dog is required to serve as executor of your estate.
Your dog receives the proceeds if you die
Your dog will receive commission 4 selling u life insurance.
22
A legal document that acts like cash
Debit Card
Check
Check Register
Reconcilling
23
Money spent when it comes to Spending Plans
Income
Expense
Net Gain
Net Loss
24
Which of the following is NOT included in an individual’s credit report?
Medical information
Current and past addresses
Bankruptcies and foreclosures
Account balances
25
Transactions including deposits, checks, debit card, fees, & ATM use should be recorded here
Check Register
PIN Number
Check
Reconcilling
26
What type of fraud? You get an email asking for money to help individuals in a foreign country.
Identity Theft
Tax
Communications
Investment
27
A routine decision is...
A Decision that you linger on to and talk to people about
A Dog
Complicated and deal with money
Simple and easy
28
What type of Fraud? A scammer has attached a device to gas pumps to access credit information.
Phishing
Diverting Mail
Stealing
Skimming
29
A financial statement individuals can use to assist with money management.
Spending Plan
Net Loss
Income
Expense
30
What type of fraud? A scammer used information that was carelessly discarded in the trash.
Skimming
Phishing
Stealing
Diverting Mail
31
Constantly monitor financial information to reduce your risk of fraud.
True
False
