Test Financial Literacy ESP
Flashcard
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
9 questions
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1.
FLASHCARD QUESTION
Front
What is the main purpose of a credit score?
Back
to help lenders decide about lending you money
2.
FLASHCARD QUESTION
Front
What is a budget?
Back
spending plan
3.
FLASHCARD QUESTION
Front
An emergency fund is for unplanned expenses such as rent, insurance, medical expenses, groceries.
Back
medical expenses
4.
FLASHCARD QUESTION
Front
A card linked to your bank account, so the money you spend comes directly from your checking account.
Back
Debit
5.
FLASHCARD QUESTION
Front
What is a mortgage?
Back
A loan to buy a house.
6.
FLASHCARD QUESTION
Front
Which of the following is a red flag for a potential scam?
- Receiving a thank you note
- Being asked to provide personal information quickly
- Getting a reminder for an appointment
- Receiving a birthday card
Back
Being asked to provide personal information quickly
7.
FLASHCARD QUESTION
Front
What is the main difference between IRS forms W2 and 1099?
Back
W2 is for employees; 1099 is for independent contractors
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