Unit 2 Financial Literacy Review

Front

List three benefits of using a budget.

Back

Helps track expenses, saves money, and reduces debt

Front

List one thing you can do to ensure your credit score goes up.

Back

Pay bills on time

Front

When you need a loan, you will have more options to choose from if...

Back

You have a high credit score

Front

T/F paying off loans on time is a good way to build your credit?

Back

True

Front

_______ cards can help ______________________ when paid off on time.

Back

Credit cards can help build credit history when paid off on time.

Front

T/F sales tax is a tax that is drawn from your paycheck?

Back

False

Front

T/F each year you must file both federal and state taxes.

Back

True

Front

Which payment method could you have interest charged to you? Options: Debit card, Credit card, Cash, Check

Back

Credit card

Front

Why do people put money into risky investments?

Back

To potentially earn higher returns

Front

These represent partial ownership in a company’s profits.

Back

Stocks