Financial Literacy EOC Review #2

Front

Which of the following is NOT a common feature of a financial institution?
Paper checks, Access to ATM's, Direct deposit

Back

Access to investment products

Front

Which financial institutions typically have the highest fees?

Back

Check cashing and payday loan companies

Front

If there is a mistake with one of your bank accounts, who should you contact to resolve the issue?

Back

Your financial institution

Front

Which of the following is a benefit of using a budget? Helps to keep track of the money you receive, Helps to prioritize your spending, Helps to set short term and long term financial goals, All of the above

Back

All of the above

Front

Which of the following should NOT be considered when setting a current budget?
Needs and wants, Your financial goals, future income, Savings

Back

future income

Front

Which of the following is NOT a good way to track your spending? In your head, Pencil and paper, Envelope method, Online software or app

Back

In your head

Front

When you are deciding what to buy, you should not...

Back

assume that buying the cheapest item is the best choice

Front

How is a post from a social media influencer different than a comment from a regular consumer?

Back

The influencer is paid to post the product

Front

Which payment option could have interest charged to you? cash, check, debit card, credit card

Back

credit card

Front

When are loans a good option to use?

Back

When paying for higher education