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WorksheetsUnit 2 Financial Literacy Review Day 3
Total questions: 17
Worksheet time: 13mins
What is not a basic need?
entertainment
housing
food
transportation
What term means to buy something that will help money grow?
buy
save
invest
spend
What is a stock?
a savings account
ownership of a home
part of a company
money spent on needs
What is interest?
a fee for borrowing money
an investment to grow money
cash used for buying wants
money obtained through a loan
How long does it take to pay back a house loan?
a) 5-10 years
b) 40-50 years
c) 15-30 years
d) 60-75 years
5-10 years
15-30 years
40-50 years
60-75 years
What is a need?
a birthday cake
streaming a movie
new tires for a car
tickets to a concert
How might an investment in stock be risky?
The company may fail.
An ad compaign goes viral.
Employees enjoy working.
New products are developed.
How do people make investment choices?
They use the smallest loan.
They buy the cheapest house.
They weigh risks and rewards.
They choose a popular company.
What is money that is owed to another person?
debt
income
expense
interest
What is a bad reason to borrow money?
car
entertainment
college
house
What is a good way to stay out of debt?
investing
spending
saving
purchasing
What do charities do?
help others
create debt
pay interest
purchase stock
What should someone do before donating?
get a new job
open an account
take out a loan
research the charity
What does “measurable” mean in a SMART goal?
has a purpose
can be accomplished
has a time limit
can be easily measured
What does “timely” mean?
has a purpose
can be accomplished
has a time limit
can be easily measured
What does “specific” mean?
has purpose
can be accomplished
has a time limit
can be easily measured
What is donating?
a way to invest money
an act of community service
an income for work done
a loan that needs to be repaid
