What is financial literacy?
Personal Finance Final Review

Flashcard
•
Business
•
10th Grade
•
Hard
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100 questions
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1.
FLASHCARD QUESTION
Front
Back
The ability to understand basic topics related to finance, such as making, spending, and saving money.
2.
FLASHCARD QUESTION
Front
Having a _____ helps you be in control of your financial situation and achieve your goals.
Back
financial plan
3.
FLASHCARD QUESTION
Front
Planning to save enough money to go on a nice vacation is an example of a(n) _____?
Back
financial goal
4.
FLASHCARD QUESTION
Front
Which of the following is an example of a short-term financial goal?
I want to buy a house in ten years.
I want to save as much money as possible.
I want to buy a guitar in six months.
I want to retire at 50.
Back
I want to buy a guitar in six months.
5.
FLASHCARD QUESTION
Front
Which of the following is an example of a long-term financial goal? Options: I want to spend next week’s allowance at the mall. I want to save as much money as possible. I want to buy a guitar in six months. I want to save $4,000 before starting college in two years.
Back
I want to save $4,000 before starting college in two years.
6.
FLASHCARD QUESTION
Front
Which of the following is a need? Shelter, Designer Clothes, Television, Smartphone
Back
Shelter
7.
FLASHCARD QUESTION
Front
What is a want?
Back
Something someone would like to have but does not need to live.
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