Financial Literacy
Flashcard
•
Mathematics
•
10th Grade
•
Practice Problem
•
Hard
+3
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
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1.
FLASHCARD QUESTION
Front
What is financial literacy?
Back
Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
2.
FLASHCARD QUESTION
Front
What is net pay?
Back
Net pay is the amount of money left over from your paycheck after taxes and deductions have been taken out.
3.
FLASHCARD QUESTION
Front
What is a surplus?
Back
A surplus is the amount of money left over each month after all expenses have been paid.
4.
FLASHCARD QUESTION
Front
What is an investment?
Back
An investment is anything purchased with the hope that it will generate income or increase in value over time.
5.
FLASHCARD QUESTION
Front
What does it mean to diversify investments?
Back
To diversify investments means to spread your investments across various assets to reduce risk.
6.
FLASHCARD QUESTION
Front
What is the importance of budgeting?
Back
Budgeting helps individuals plan their spending, save for future goals, and avoid debt.
7.
FLASHCARD QUESTION
Front
What is the difference between gross pay and net pay?
Back
Gross pay is the total amount earned before any deductions, while net pay is what you take home after deductions.
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