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Financial Literacy Exam Questions and Answers
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  • Financial Literacy

means having the knowledge and skills to manage your personal finances. - Answer-financially literate is a fee charged for using borrowed money for a purchase - Answer-interest relates to all of the different money decisions you make each day - Answer-personal finance Taxes and withholding...

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  • October 12, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • financial literacy exam questions and an
  • means having the knowledge and skills to manage yo

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  • Financial Literacy
  • Financial Literacy

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Financial Literacy Exam 2023-2025
Questions and Answers
means having the knowledge and skills to manage your personal finances. - Answer-
financially literate

is a fee charged for using borrowed money for a purchase - Answer-interest

relates to all of the different money decisions you make each day - Answer-personal
finance

Taxes and withholdings impact your _____ , which is the amount of money you take
home on your paycheck. - Answer-net income

the cost of groceries and gas is considered an - Answer-variable expense

To budget with an __________, prioritize expenses from most to least important so your
most important expenses are covered first - Answer-irregular income

an ____ stays the same from month to month - Answer-fixed expense

whats it called when you make money on the percentage of the total sales you make? -
Answer-commission

when you're creating your monthly budget whats the first priority under "expenses" -
Answer-giving

An investment's _____ is its percentage gain or loss over time. - Answer-rate of return

the prices of goods and services increases over time due to - Answer-economic growth

which of the following would be considered an emergency fund expense - Answer-
blown car tire

the five foundations, what is the third foundation - Answer-pay cash for your car

an ____ is a number that indicates the likelihood of someone repaying debt - Answer-
credit score

making fixed payments on a loan over a set period of time is an example of - Answer-
installment credit

when you fail to repay a loan on time, you're referred to as being in - Answer-default

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