A
Linked directly to your bank account, allowing you to spend the money you have in the account, so you're using your own money
Debit card
Who is the co-founder of Apple Inc?
Steve Jobs
What is the money a person makes from their job called?
Income
What is the product of 9 multiplied by 7?
63
T/F: Scholarships are one of the four types of Financial Aid.
True
T/F: Bankruptcy is not one of the consequences of financial illiteracy
False, it is a consequence of financial illiteracy
How many months are in two years?
Twenty-four
What is interest?
An additional fee that is paid when borrowing money
What is 20% of 250?
50
In what two primary ways can Financial Aid be awarded?
- Merit-based
- Need-based
What is a credit card?
Allows you to borrow money from a bank company to make purchases
The capital city of Japan is
Tokyo
This type of financial aid doesn't need to be repaid
Scholarship
What is 7 + (2 × 4)?
15
What do you call a plan for earning, saving and investing, and expenses?
A budget
T/F: Poor credit ratings are a result of smart spending decisions
False, result of poor spending decisions
What is the main ingredient in guacamole?
Avacado
Why is emergency savings important?
Emergency savings are crucial to cover unexpected expenses without going into debt.
T/F: When you subtract 876 from 7,000 it equals 6,124
True
What is investing?
Buying assets such as stocks, bonds, or real estate to generate income or profit over time.
List the five components of Financial Literacy
1. Budgeting
2. Saving
3. Investing
4. Managing Debt
5. Managing Credit
Name the largest planet in our solar system
Jupiter
What is the number of credit score ranges for a GOOD rating?
670 - 739 is good rating
What is 20% of $35.00?
$7.00
Where do you go to check your yearly credit report?
Experian, Transunion, or Equifax