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Financial Literacy Third Grade Flashcards | StudBud
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Financial Literacy Third Grade
Financial Literacy Third Grade
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Financial Literacy Vocab 3rd Grade
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Money received from doing work, or gained as profit.
Jinx
Withdrawal
Income
Savings
2
Money given to someone with a promise to pay back.
Loan
Sharing
Donation
Gift
3
Using money to pay for a good or service.
Save
Earn
Donate
Spend
4
Paying money for goods or services you expect and know have to be paid.
Unplanned Spending
Donating
Planned Spending
Saving
5
The action of helping or doing work for someone.
Products
Charity
Services
Donation
6
When you have an abundance or scarcity what happens? Pick 2!
Abundance: Prices will be higher
Abundance: Prices will be lower
Scarcity: Prices will be lower.
Scarcity: Prices will be higher
7
Things a person has to have to stay alive?
Needs
Money
Wants
Income
8
Taking money out of a bank account.
Interest
Withdrawal
Bonnie & Clyde
Saving
9
Look at the images below. Compare the quantity of items. The one with the green arrow is an example of a _____.
surplus
scarcity
abundance
plenty
10
A way to buy something and pay for it later.
Income
Saving
Interest
Credit
11
Bank account to put money aside to use in the future.
Interest Account
Checking Account
Savings Account
Account for rich people
12
Paying for goods or services you do not expect, can be large and unexpected.
Donating
Saving
Planned Spending
Unplanned Spending
13
To give away money or goods for a good cause.
Save
Charity
Spend
Donate
14
Giving money to help others
Charity
Interest
Spending
Income
15
A job that requires more training is likely to:
Be lower in demand
Pay less money
Pay higher wage
Be easy to get
16
Not having enough of a resource.
Availability
Scarcity
Needs
Demand
17
Why people donate to charity?
Help the community
All of the above
Reduce suffering
Improve education
18
Examples to have good credit.
All of the above
Credit Card only for emergencies
Using debit card or cash instead of a credit card
Pay bills on time
19
Money that must be repaid to the bank with interest.
Donation
Interest
Allowance
Loan
20
The additional money you pay when you borrow money from a bank or put on a credit card.
Loan
Interest
Allowance
Donation