Financial Literacy Flashcard

What is interest?

What is credit?

What does it mean to invest?

What is the purpose of a savings account?

Which of the following is a benefit of budgeting? It restricts spending, It helps you track your income and expenses, It guarantees financial freedom, It allows you to avoid all debts

What is a financial goal?

What percentage of your income is recommended to put towards necessary expenses?

Explain the difference between a financial want and a need.

What was the most useful piece of information you learned in this unit? Options: The importance of data privacy, How to create effective presentations, The basics of machine learning, Time management techniques

Which is not a step in the check writing process? Options: Write only today's date, Use "and" between dollars and cents when writing, Draw a squiggle after the cents to the word "dollar"