
Personal Financial Literacy Semester Exam
Flashcard
•
Financial Education
•
12th Grade
•
Hard
Wayground Content
FREE Resource
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25 questions
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1.
FLASHCARD QUESTION
Front
If you use direct deposit, you will most likely have
Back
your paycheck deposited directly in your bank account
2.
FLASHCARD QUESTION
Front
What is the BEST method for all people to manage their money? Options: get a high paying job, avoid paying their bills, put money in a saving account.
Back
create a personal budget
3.
FLASHCARD QUESTION
Front
Which of these is LEAST LIKELY to determine credit worthiness? Income, Personal health history, Credit score, Length of Credit
Back
Personal health history
4.
FLASHCARD QUESTION
Front
When a person agrees to a regular, fixed payment of wages over a period of time, he/she is most likely earning a
Back
salary
5.
FLASHCARD QUESTION
Front
The basic economic condition that exists when unlimited wants exceed limited productive resources is called
Back
scarcity
6.
FLASHCARD QUESTION
Front
What is the best way to avoid credit card fees associated with using a credit card?
Back
pay off the total balance on time each month
7.
FLASHCARD QUESTION
Front
Molly is checking out at the grocery store and is using a card to pay for her groceries. This card will withdrawal money directly from her checking account once she swipes her card. Which payment method is Molly using?
Back
debit
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