Financial Literacy Review

Financial Literacy Review

Assessment

Flashcard

Business

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

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30 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is the amount of money you have to spend?

Back

Cash Inflow

2.

FLASHCARD QUESTION

Front

What is the amount of money that is spent on various living expenses called?

Back

Cash Outflow

3.

FLASHCARD QUESTION

Front

Take-Home Pay is another name for what?

Back

Net Pay

4.

FLASHCARD QUESTION

Front

What is the Net Worth equation?

Back

Assets - Liabilities = Net Worth

5.

FLASHCARD QUESTION

Front

Calculate the Net Worth:
Assets = $57,200
Liabilities = $27,000

Back

$30,200

6.

FLASHCARD QUESTION

Front

Which of the following is NOT a main purpose of a budget: To make sure you are living within your income, Achieve financial goals, Plan for financial emergencies, Keep you from buying the things you want?

Back

Keep you from buying the things you want

7.

FLASHCARD QUESTION

Front

Which expenses occur on a regular basis for the same amount each time?

Back

Fixed

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