Financial Literacy/Money Matters

What is financial literacy

• money smart

• a wealth of knowledge about how to manage money

• savings

• money market

A "spender" is someone

• that knows how to manage money

• that has limited money

• that spends money on a whim, money in, money out

• that cares about their financial future

What are some ways you can earn money

• job

• entrepreneurship

• stocks

• all of the above

How many quarters make up $2.00

• 4 quarters

• 8 quarters

• 3 quarters

• 10 quarters

A customer makes a purchase for $6.40 and pays with a $10 bill. How much change would you give?

• $3.60

• $2.20

• $5.50

• $4.40

James wants to purchase a computer for $850 but he only has $650 in his bank account. How much he needs to save to purchase the computer for $850?

• $50

• $100

• $150

• $200

What does it mean to "spend within your means"

• making lavish purchases that is more than you can afford

• spend only what you can afford and that your paycheck allows

• purchasing a bike on credit

• spending money on shoes

Things a person desires to have but can live without

• wants

• needs

• income

• spending

Money earned by doing work is

• needs

• income

• interest

• credit

An amount of money put aside for the future

• spending

• unplanned spending

• planned spending

• saving