The MORE education and training you have, the _______ likely you are to earn to a higher income.

Financial Literacy Review (Complete)

FALSE. Employers ARE generally required by law to take taxes out of an employee&#039;s paycheck.

True or False: Employers are NOT generally required by law to take taxes out of an employee&#039;s paycheck.

A useful tool to help you meet
your financial goals.

When investing, _________ is the chance your investment may make LESS money than you expect or that
you could even LOSE money!

FALSE: Payday loans are generally MORE expensive than bank loans.

True or False: It is normally less costly to borrow from PAYDAY LENDERS than from banks.

Interest is a small amount of extra money that the bank gives you just for keeping your money there.

A credit REPORT contains information about the types and amount of credit an individual has and how they pay their bills.

How many months emergency savings do experts recommend that you have?

You can avoid check cashing fees by depositing your paycheck in a bank account.

FALSE: Many bank accounts have low fees or are even FREE! You can open many bank accounts with as little as $25 or LESS!

True or False: Banks charge HIGH fees, you should have at least $1000 before you open an account.

Study with Quizlet and memorize flashcards containing terms like The MORE education and training you have, the _______ likely you are to earn to a higher income., True or False: Employers are NOT generally required by law to take taxes out of an employee's paycheck., What is a budget? and more.

Financial Literacy Review (Complete) Flashcards

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