Financial Literacy

Having a ____________ is great way to plan for your money.

• debit card

• credit card

• budget

• interest

You need to have money in your checking account in order to use a _____________.

• credit cards

• debit card

• check

• check and debit card

_________________ is money extended by a bank with our promise to pay it back plus interest.

• Debit

• Interest

• Credit

• Savings

An example of a flexible expense is....

• utility bill

• car payment

• going out to dinner

• rent

Accounts that allow your money to grow and collect interest are called ______________ accounts.

• checking

• insurance

• debit

• savings

All of the following are types of insurance EXCEPT:

• medical

• life

• automobile

• natural disaster

If a person is not responsible with their money, you should recommend they get a credit card.

• True

• False

Which is not an example of an unexpected expense?

• speeding ticket

• utility bill

• missing work if sick

• a fire in your house

The lottery is not a form of gambling.

• True

• False

Car insurance rates can be based on:

• age

• gender

• type of car

• All of the above