
Theme 6: Financial Literacy
Flashcard
•
Social Studies
•
7th Grade
•
Practice Problem
•
Hard
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16 questions
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1.
FLASHCARD QUESTION
Front
The air conditioning unit in your home breaks and you need to pay for a new one. Unfortunately, you do not have the money to pay for the full cost of the air conditioner right now but you need to replace the item immediately. Which form of payment should you use to cover the cost?
Back
credit card
2.
FLASHCARD QUESTION
Front
Which type of bank account is designed to have money deposited and withdrawn regularly and typically does not earn interest?
Back
checking account
3.
FLASHCARD QUESTION
Front
True or False: A high credit score means a bank will be very willing to loan you money.
Back
true
4.
FLASHCARD QUESTION
Front
Which type of college degree takes the longest amount of time to achieve?
Back
Doctorate/PhD
5.
FLASHCARD QUESTION
Front
True or False: More education and/or training for a job usually results in more money or a higher salary for that job.
Back
True
6.
FLASHCARD QUESTION
Front
Which vocab word means "money that you spend?"
Back
Expense
7.
FLASHCARD QUESTION
Front
Which vocab word means "money paid per hour?"
Back
wage
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