Financial Literacy Intro Review

If you have a positive net worth, your liabilities total...

• more than your assets

• less than your assets

• the same as your assets

• twice as much as your assets

Your net worth is your ________ minus your ________

• assets; liabilities

• liabilities; assets

• stocks; bonds

• paycheck; deductions

Knowing how earning, budgeting, saving, spending and giving affect your money is involved in...

• managing your money

• managing your classmates

• managing your sports team

• managing your emotions

What is something you already own (positive cash value)?

• asset

• liability

What is debts you owe (negative cash value)?

• assets

• liabilities

MONEY IN A SAVINGS ACCOUNT

• asset

• liability

CAR LOAN

• asset

• liability

DIRT BIKE

• asset

• liability

RENT

• asset

• liability

CREDIT CARD BILL

• asset

• liability