
Financial Literacy Final Exam Review

Flashcard
•
Mathematics, Other, Specialty
•
9th - 12th Grade
•
Hard
Quizizz Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What type of tax is applied to the purchase of goods and services?
Back
Sales tax
2.
FLASHCARD QUESTION
Front
What is a fixed expense?
Back
An expense that remains the same every month, such as a house payment.
3.
FLASHCARD QUESTION
Front
What is a savings account classified as?
Back
Asset
4.
FLASHCARD QUESTION
Front
Which payment method requires a PIN for transactions?
Back
Debit Card
5.
FLASHCARD QUESTION
Front
What is credit?
Back
Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date.
6.
FLASHCARD QUESTION
Front
What is a variable expense?
Back
An expense that can change from month to month, such as utility bills.
7.
FLASHCARD QUESTION
Front
What is the difference between an asset and a liability?
Back
An asset is something of value owned, while a liability is a debt or obligation.
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