Financial Literacy

What is the best credit score you can have?

• 850

• 1650

• 100

A person who takes the financial risk of owning their own business.

• Entrepreneur

• CEO

• Manager

When you spend wisely, you use your money on _________ before wants.

A plan for how your money will be utilized.

• Budget

• Income

• Savings

You highly value saving money, so you set a ______ of saving $50 per month

• Goal

• Need

• Want

• Income

The money you earn is called:

• Income

• Cash

• Loan

Not having enough money to buy everything you want.

• Poor

• Limited Means

• Wants

When you have to give up one thing in order to get another.

• Opportunity cost

• Surviving

• Limited Means

Sarah took out a loan to buy a new car. The bank agreed to give her $6000. She has five years to pay it back. That would mean her monthly payment is $100 but in real life, her actual monthly payment is $115. Why is her payment a little higher?

• Interest

• Credit History

• Opportunity Cost

When you have a job, your income comes to you in the form of a _________.

• Loan

• Credit Card

• Paycheck