Question

Which is the main goal of becoming financially literate?(1 point)
Responses

becoming financially stable
becoming financially stable

becoming famous
becoming famous

becoming rich by investing in stocks
becoming rich by investing in stocks

becoming a member of the wealthy elite
Bot
becoming financially stable
Caleb Pans
What is the second step in the path to financial literacy?(1 point)
Responses

tracking your income and expenses
tracking your income and expenses

learning the different representations of money
learning the different representations of money

developing a diverse investment portfolio
developing a diverse investment portfolio

creating a trust for your kids
Bot
tracking your income and expenses
Caleb Pans
Which expenses show a spending want? Select the two correct answers.(1 point)
Responses

a sundae
a sundae

brakes for a car
brakes for a car

movie tickets
movie tickets

transportation to school
transportation to school

a textbook for your school
Bot
a sundae
movie tickets
Caleb Pans
Which of the options shows a long-term financial goal?(1 point)
Responses

paying monthly rent
paying monthly rent

buying a train ticket for spring break
buying a train ticket for spring break

paying for tuition to learn a new skill
paying for tuition to learn a new skill

replacing brakes to make the car safer
Bot
paying for tuition to learn a new skill
Caleb Pans
What is the difference between gross income and net income? Select the best answer.(1 point)
Responses

Gross income is the total of annual salary minus federal income tax.
Gross income is the total of annual salary minus federal income tax.

All wages and other earnings minus mandatory deductions
All wages and other earnings minus mandatory deductions

Net income is wages, salaries and other earnings minus all tax and deductions
Net income is wages, salaries and other earnings minus all tax and deductions

Wages minus voluntary deductions
Bot
Net income is wages, salaries and other earnings minus all tax and deductions.