Items that are owned by an individual
Financial Literacy Test

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Back
assets
2.
FLASHCARD QUESTION
Front
A plan for spending
Back
budget
3.
FLASHCARD QUESTION
Front
Debts that are owed by an individual
Back
liabilities
4.
FLASHCARD QUESTION
Front
The value of one's assets minus one's liabilities
Back
net worth
5.
FLASHCARD QUESTION
Front
Final price of a T.V costing $990 with 9% sales tax?
Back
$1,079.10
6.
FLASHCARD QUESTION
Front
Mrs. Ray is buying groceries totaling $35.50 with a sales tax of 4.5%. How much will she owe?
Back
$37.10
7.
FLASHCARD QUESTION
Front
Can you have negative Net Worth?
Back
True
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