Financial Literacy - Units 1-2-3 TEST

2. Companies want to use influencers to help …

• a. sell their products to their followers.

• b. develop new products.

• c. write their blogposts.

• d. design their websites.

A record of all your credit purchases and payments is called a(n)

• Credit Bureau
• Capital Amount
• Credit History 
• Available Credit Amount

The amount of credit you have left to use to reach your credit card limit is

• minimum payment
• available credit 
• Interest rate 
• cash advance 

My family is going on vacation this summer, so we are sticking to a ______ to save money.

• Income
• Savings
• Budget
• Expenses

Daycare can be very expensive! My friend pays $972 every month for her 3 year old daughter. 
This is considered a

• Fixed Expense
• Variable Expense
• Discretionary Expense
• Income

If an expense can not be cut from your budget to save money, it is considered a _____.

• Income
• Want
• Need
• Savings

At the end of the month, the money I haven't spent is ________.

• Spent quickly
• Income
• Savings
• Expenses

The purchase amount is immediately removed from a linked account.

• Debit Card

• Credit Card

• Stored-Value Card

Payments can be made in the future.

• Debit Card

• Credit Card

• Stored Value Card

Interest is added into the principal

• Simple interest

• Compound interest

• Annual interest

• Gucci interest