stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy for Teens 1 Flashcards | StudBud
Explore
/
Financial Literacy for Teens 1
Financial Literacy for Teens 1
20 terms
·
StudBud Administration
·
705 plays
Financial Literacy for Teens Book
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
When items such as a house or land become more valuable over time, they are said to
appropriate
depreciate
appreciate
negotiate
2
Sometimes the U.S. government is known affectionately by the nickname?
Aunt Sally
Uncle Fred
Uncle Sam
Cousin Kathy
3
People who do not understand the difference between _&_usually struggle with financial problems
needs and wants
nickels and dimes
food and shelter
taxes and insurance
4
Cahin mail involving money are
completely illegal
partly ethical
legal if 21 yrs of age
sometimes legal
5
A_______is a plan for how you will spend your money?
credit card
cash journal
budget
paycheck
6
Health insurance is
only for those with health conditions
a must buy item for your budget
more important for women than men
unnecessary expense
7
One common denominator of most financially successful people is that they
started a business
always have $500 in their pocket
worked part-time when a teenager
quit school before 18
8
The average Social Security payment a person receives today per month is
less than $1,000
over $2,000
more than average pay
more than enough to cover monthly bills
9
If you can't afford renter's insurance, you
need to charge it
shop around for another type insurance
need to take out a loan
can't afford the place you want to rent
10
Which items below would depreciate if you owned it (them)?
SUV
boat
TV
all the above
11
The money you make at your job day after day, week after week, is called
disposable income
earned income
limited income
unearned income
12
Investing in different types of things is called
dividing your income evenly
diversifying your investments
stuffing your empty pockets
a bad decision
13
If you pay your credit card bill on time (every time) you will be
short of cash each month
building a good credit record
losing the interest charged on your account
protecting the credit card company from risk
14
The more you make, the more income taxes you will probably pay. This concept is called a
medicare tax
three-bucket process
security tax
graduated income tax
15
Credit Card debt and ____are the two most common causes of financial disasters for young people
debit card debt
food cost
computer viruses
automobile cost
16
An average career will last approximately how many hours if you work for 43 years?
1million hours
860 hours
8,600 hours
86,000 hours
17
One major problem with using credit cards is that people
lose them
use instead of debit card
forget to use them
buy things they can not afford
18
A large retail corporation, Wal-Mart, which is very successful today, was started by
Bill Gates
Donald Trump
Martha Stewart
Sam Walton
19
Health insurance program that is funded by some of your taxes & run by the federal government
FICA
Unemployment Tax
Medicare
State Tax
20
Developing a financial lifestyle that fits the amount of money you will earn in your career is
none of the above
a journey driven lifestyle
lifestyle driven journey
a money management program