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PFL Day5
PFL Day5
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Colorado State Standards for 3rd Grade literacy
Flashcards
15 cards
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Practice quiz
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Host live
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Questions
15
Answers
1
What is income?
A bank account.
A paycheck.
Money you earn.
A place you can enter.
2
What is an example of a short term savings goal?
A car
A new video game
A trip to Disneyland
A house
3
Why is learning Personal Financial Literacy important?
Because Mrs. Remien said so.
So you can eat more ice cream cones.
To know how to make smart money decisions.
Because money doesn't grow on trees.
4
What is an example of a long term savings goal?
An ice cream cone
A new video game
A trip to Disneyland
A house
5
Why are there two columns under DEPOSIT in your checkbook?
To make things confusing.
Always put zeros in the second column.
One column is for the dollars, the other is for the cents.
In case you make a mistake.
6
What is a loan?
A contest you win.
A gift of money.
Money borrowed form the back you will have to repay.
Money the bank just gives you.
7
Should you spend money on your needs or wants first?
Wants
Needs
8
What should you fill out first when making a new entry in your checkbook?
The total.
The amount of money.
The date.
How you earned the money.
9
For a paycheck, do you record it in the deposit or withdrawal column of your checkbook?
Deposit
Withdrawal
10
When you deposit money into your account, do you add or subtract to find the total.
Subtract
Add
11
What happens when you spend all your money on your needs?
Your grandma gives you more money.
You don't get your wants.
The government pays for your wants.
You take out a loan.
12
What is interest?
A piece of paper.
Extra money you pay the bank because they loaned you money.
Something that catches your attention.
A bank account.
13
What does transaction mean?
The reason money is being deposited or withdrawn.
Putting money in.
Taking money out.
An action you take with money.
14
Your weekly expenses are an example of what?
Needs
Unfair charages
Wants
Extras
15
What does it mean to withdrawal money?
To give away your money.
The double your money.
To put money in.
To take money out.
