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Financial Literacy 3rd Grade TEKS Flashcards | StudBud
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Financial Literacy 3rd Grade TEKS
What is credit?
Which helps increase your human capital?
Financial Literacy 3rd Grade TEKS
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1
Which helps increase your human capital?
Sleeping all day
Eating candy
Watching TV
Practicing cooking skills
2
What is credit?
A type of food
Borrowing money and paying it back later
Free money
A gift card
3
What is demand?
The size of a store
How many people want it
How heavy something is
What something is made of
4
Which factor affects how much income someone can earn?
Favorite color
Month of birth
Pet's name
Education level
5
Why do people save money?
To reach goals or help in emergencies
To earn candy
To show off
To spend more later
6
What is a donation?
Something you trade
Something you give to help others
A toy you break
Something you sell
7
Where is a safe place to keep savings?
In a toy box
Under the couch
In the bank
At a friends house
8
If a store has too many winter coats in summer, what will happen to the price?
It will explode
It will stay the same
It will go up
It will go down
9
Which of these is an example of income?
Saving money in a jar
Getting a gift for your birthday
Spending money at the store
Earning $10 for raking leaves
10
What is an example of unplanned spending?
Paying for a class you signed up for
Going to the hospital after breaking your arm
Buying groceries
Paying rent
11
Oscar buys a TV for $900 using credit. He pays $100 in interest. How much does he pay in total?
$900
$1000
$950
$800
12
Which one is a “want,” not a “need”?
Shelter
Video Game
Water
Food
13
Which is a planned expense?
Buying an emergency flight
Fixing a flat tire
Paying your phone bill every month
Replacing a broken washer
14
What is labor?
Work people do to earn money
A type of toy
A shopping trip
A kind of vacation
15
What are 3 things you can do with income?
Save it, waste it, ignore it
Spend it, lose it, hide it
Break it, trade it, eat it
Spend it, save it, donate it
16
What is interest?
A surprise sale
Money you lose
Extra money paid when borrowing
A prize for saving
17
Which one is NOT an example of using credit?
Borrowing money to buy something
Using a credit card
Taking out a loan
Paying with your savings account
18
Before the STAAR I hope we can review:
Elapsed Time
Word Problems
Place Value
Fractions
19
What does “scarcity” mean?
Everyone forgot about it
There’s not enough of something
Something is free
There’s too much of something
20
If many people want a toy, and there are only a few left, what will happen to the price?
Stay the same
Disappear
Go up
Go down
21
Why is planning your spending helpful?
So you can spend more
So you never spend
So you can play more
So you don’t lose your money
