Financial Literacy Flashcards

Financial Literacy Flashcards

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Ashley Hare

FREE Resource

Student preview

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50 questions

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1.

FLASHCARD QUESTION

Front

All of the following make up the big three credit reporting agencies EXCEPT:

Back

Federal Reserve

2.

FLASHCARD QUESTION

Front

It's important to reconcile your checking account so you can make sure neither you or the bank have made mistakes.

Back

True

3.

FLASHCARD QUESTION

Front

Which are institutions that give loans? (Choose ALL that apply)

Back

Pawn shop, Bank, Credit union, Payday lender

4.

FLASHCARD QUESTION

Front

The Federal Reserve System: (Choose ALL that apply)

Back

is the central bank of the United States, regulates monetary policies of the United States, was created by Congress to provide a safer monetary system

5.

FLASHCARD QUESTION

Front

What is deflation? (Choose ALL that apply.)

Back

When there is a reduction in the supply of money or credit, The rate at which the general level of prices goes down

6.

FLASHCARD QUESTION

Front

What is a cashier's check?

Back

A check guaranteed by the bank that writes the check

7.

FLASHCARD QUESTION

Front

What is liquidity in business?

Back

how quickly you can convert an asset to cash

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