Financial literacy Review

Vocabulary

Careers

Money Money
Money

Math in social studies

Random

100

What does the vocabulary term APTITUDES mean ?

What is your natural talents

100

How many career clusters are there ?

What is 16

100

What is a budget?
- A) A plan for spending and saving money
- B) A type of bank account
- C) A loan from a bank
- D) A kind of investment

What is A

100

True or False : When calculating sales tax the first step is to find the subtotal

What is True

100

Why is it important to have an emergency fund?

A) To buy luxury items
B) To pay for unexpected expenses
C) To invest in stocks
D) To help others financially

What is B

200

How can personal VALUES influence financial decisions?

Answers may vary

200

What is an entrepreneur?

Someone that starts their own business

200

What is the difference between a want and a need?

A) Wants are essential for survival; needs are not
B) Needs are essential for survival; wants are not
C) Wants are always more expensive than needs
D) Needs can be bought; wants cannot

What is B

200

If you buy a video game for $50 the sales tax is 8%, what is the total cost?

What is $54

200

What is an example of a fixed expense?

A) Grocery bills
B) Rent or mortgage payments
C) Movie tickets
D) Eating out

What is B

300

How does the government collect income tax from a person with a job ?

What is it comes out of their paycheck automatically

300

True or false : Every state pays the same sales tax

What is False

300

Explain the difference between a credit card and a debit card.

What is a credit card is money that is borrowed and must be paid back. A debit card is money that you actually have to spend.

300

You bought a laptop for $800 with a 6% sales tax. How much did you pay in total?

What is $848

300

What are the three types of tax ?

What is sales tax, income tax , and property tax

The order does NOT matter

400

Name 4 countries located in Southwest Asia

Answers will vary