Financial Literacy Quiz

Definition: Tricking someone by getting their personal information through email.

• Identity Theft

• Skimming

• Phishing

• Budget

Definition: A crime that involves someone pretending to be another person in order to steal money.

• Identity theft

• Credit score

• Predatory lending

• Phishing

Definition: Accumulates money annually at a steady pace.

• Compounded interest

• Variable expense

• Savings account

• Simple interest

Definition: Net income.

• "Take Home Pay"

• Variable Expense

• Savings account

• Compounded Interest

Definition: things that are required in order to live.

• Needs

• Budget

• Wants

• Income

Definition: A plastic card used to make purchases now and pay for them later.

• Checking Account

• Savings Account

• Credit Union

• Credit Card

Definition: To plan or manage your income and expenses. Must be flexible.

• Expenses

• Budget

• Credit Card

• Income

Definition: Lasts a few days, weeks, or months.

• Long-term Goal

• Short-term Goal

• Credit Score

• Net Income

Signing in the indicated area on the back of a check is called:

• Endorse

• Budget

• Debt

• Deposit

Which option allows you to receive/send money and store money that you might need soon?

• Debit

• Credit Card

• Savings Account

• Checking Account