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Financial Literacy Basics Flashcards | StudBud

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What is an emergency fund?

True or false: Credit cards are free money

Financial Literacy Basics

6 terms·StudBud Administration·8 plays

Test your knowledge on fundamental concepts of personal finance such as budgeting, expenses, and savings.

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Questions 6

Answers

1
True or false: Credit cards are free money
False
True
2
What is an emergency fund?
Monthly budget
Investment portfolio
Retirement account
Rainy day savings
3
Which is a fixed expense?
Entertainment
Rent
Utilities
Groceries
4
What is a financial advisor?
Loan officer
Accountant
Money expert
Bank teller
5
What is a budget?
Spending plan
Income tracker
Savings account
Investment strategy
6
What is a budget deficit?
Balanced budget
Income exceeds spending
Surplus
Spending exceeds income