Financial Literacy
Flashcard
•
Other, Specialty, Other Sciences, History
•
7th - 8th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

25 questions
Show all answers
1.
FLASHCARD QUESTION
Front
The amount of money that you make is called?
Back
gross income
2.
FLASHCARD QUESTION
Front
All of these are reasons why people are in debt except? They misuse credit cards, They don't follow a budget, They don't invest their money
Back
They have checking accounts
3.
FLASHCARD QUESTION
Front
Which of the following factors affects how much money you will accumulate in your savings account? How early you begin saving, The interest rate you get on your investments, How much money you set aside for savings/retirement, All of the above
Back
All of the above
4.
FLASHCARD QUESTION
Front
An annual fee is charged by credit card companies when you don't make your payment on time
Back
False
5.
FLASHCARD QUESTION
Front
APR stands for annual percentage rate
Back
True
6.
FLASHCARD QUESTION
Front
Debit cards charge interest when you don't pay your bills off every month
Back
False
7.
FLASHCARD QUESTION
Front
What is an expense?
Back
Something that you pay for
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