Financial Literacy

Front

The longer the money is invested, the better?

Back

True

Front

A plan for spending is called a _______.

Back

budget

Front

Which of the following is an example of a variable expense?

Back

electricity bill

Front

What is the stock symbol for the Walt Disney Company?

Back

DIS

Front

When you buy a stock, you are buying a small piece of _______ in a company.

Back

ownership

Front

What is financial literacy?

Back

The ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.

Front

What is a fixed expense?

Back

An expense that does not change from month to month, such as rent or mortgage payments.

Front

What does diversification in investing mean?

Back

Spreading investments across various financial assets to reduce risk.

Front

What is the purpose of a budget?

Back

To plan and track income and expenses to manage finances effectively.

Front

What is compound interest?

Back

Interest calculated on the initial principal and also on the accumulated interest from previous periods.