Financial Literacy
Flashcard
•
Professional Development
•
8th Grade - University
•
Hard
Wayground Content
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14 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Which of the following is an advantage of using a credit card? Options: Interest is charged for the use of a credit card., Consumers can purchase things now, and pay for them later in the event of an emergency., You could be a victim of identity theft.
Back
Consumers can purchase things now, and pay for them later in the event of an emergency.
2.
FLASHCARD QUESTION
Front
If Sammy’s expenses are greater than his income, what must he do to balance his budget?
Back
Earn more money AND spend less
3.
FLASHCARD QUESTION
Front
Which of the following is considered an advantage to using a debit card to make purchases? Options: Debit cards are convenient and easy to carry around., Purchases can be made quickly and easily., You can use many ATMs to get cash., All of the above.
Back
All of the above.
4.
FLASHCARD QUESTION
Front
An identification card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time.
Back
Credit card
5.
FLASHCARD QUESTION
Front
An identification card issued by a bank that allows a user to immediately use money from an account. You have a personal identification number (PIN) to keep it safe.
Back
Debit card
6.
FLASHCARD QUESTION
Front
What is a plan for how you spend your money?
Back
budget
7.
FLASHCARD QUESTION
Front
What are useful or valuable things, like property, a car, a home, or money?
Back
assets
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