Financial Literacy Flashcard

Front

What is a high skill job?

Back

a job that requires a degree or years of training

Front

What is a low skill job?

Back

a job that requires no experience

Front

What is a part time job?

Back

working fewer than 30 hours per week

Front

What is a full time job?

Back

Working over 30 hours per week

Front

Which type of job would a person likely earn the MOST income? Options: a part-time, low-skill job, a full-time, low-skill job, a part-time, high-skill job, a full-time, high-skill job

Back

a full-time, high-skill job

Front

In addition to a set wage, some salespeople earn income that depends on the amount they sell. What is this type of income?

Back

commission

Front

What is a benefit of saving money in a bank?

Back

Money in savings accounts earns interest.

Front

Which is considered a short term savings goal? A new iPhone, Retirement, A newborn's college tuition, Your 15 year old sister's college tuition

Back

A new iPhone

Front

Which is considered a medium term savings goal? A new iPhone, Retirement, A newborn's college tuition, Your 15 year old sister's college tuition

Back

Your 15 year old sister's college tuition

Front

A purchase made with which of the following may cost a buyer more than the purchase price? cash, check, debit card, credit card

Back

credit card