Financial Literacy test

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/14

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

15 Terms

1
New cards

1 - what is income?

money you get (paycheck, allowance)

2
New cards

1 - what is a budget?

a plan for how you spend your money over a period of time

3
New cards

1 - What are expenses?

things you spend money on

4
New cards

2 - what is credit?

legal agreement to receive cash/goods now and pay for them later

5
New cards

2 - what is a credit card?

card that you can use and pay back later

6
New cards

2 - what is a debit card?

card that pulls from your own money

7
New cards

what is a Fake sales trick

misleading "Buy One, Get One 50% Off" deals, and bulk pricing schemes push you to spend more.

8
New cards
9
New cards
10
New cards
11
New cards
12
New cards
13
New cards
14
New cards
15
New cards