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Understanding Money Flashcards | StudBud
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Understanding Money
Understanding Money
18 terms
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StudBud Administration
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411 plays
Based on vocabulary from the first two modules in Everfi.com's VAULT online lessons
Flashcards
18 cards
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Practice quiz
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Questions
18
Answers
1
A loan that a person uses to pay for things, but is expected to pay back.
Career
Charity
Income Tax
Credit
2
Finding out whether or not what you are about to buy can be found for a better price.
Comparison Shopping
Online Shopping
Impulse Buying
Charity
3
The cost of things that people spend money on
Expense
Inflation
Interest
Assets
4
What a person owns of value, such as jewelry, savings, art, a home, and a car.
Budget
Debit
Debt
Assets
5
True or False: A person who works part-time for wages, always gets paid for sick time
True
False
6
Something you obtain by going to school and working jobs related to the work you want to do
Tax
Career
Job
Inflation
7
Which of the following is an ENTREPRENEUR?
A owner of an air conditioning business
A teacher
A medical assistant
A cashier at Walmart
8
A spending plan people make in order to make sure there is enough income to cover all expenses.
Interest
Shopping List
Budget
Credit Union
9
What kind of tax do people pay on things they
own
, like a house or land?
Sales tax
Income Tax
Property Tax
10
Helps people pay for medicine and doctors when they are sick or hurt.
Auto Insurance
Bank
Credit Union
Health Insurance
11
If the sticker price of an item is $10, and the sales tax is
5%
, How much is the
TOTAL
cost?
$15.00
$10.05
$10.50
$5.00
12
The government takes this out of your paycheck
Property Tax
Income Tax
Sales Tax
13
The knowledge and skills to manage money
Inflation
Health Insurance
Impulse buying
Financial literacy
14
A place where people put their money for safekeeping, and for ease of use.
Pocket
Closet
Purse
Bank
15
The extra fee you are charged for borrowing money.
Charity
Interest
Inflation
Income tax
16
Which of the following is an example of a NEED for most people?
Candy
Jordan shoes
Food
Video Game
17
Fill in the blank: People who are paid by the hour earn _____.
Inflation
Wages
Salaries
Credit
18
Giving resources or volunteering time to help those in need.
Credit
Charity
Entrepreneur
Tax
