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03-12-Math Flashcards | StudBud
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03-12-Math
03-12-Math
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1
What is an example of a long term savings goal?
A house
College savings
An ice cream cone
A new video game
2
When you put money into your account, do you add or subtract to find the total.
Add
Subtract
3
What happens when you spend all your money on your needs?
You don't get your wants.
Your grandma gives you more money.
The government pays for your wants.
You take out a loan.
4
What is interest?
A bank account.
Something that catches your attention.
A piece of paper.
Extra money you pay the bank because they loaned you money.
5
What is an example of a short term savings goal?
Retirement
A house
A new video game
A car
6
What is income?
A bank account.
A place you can enter.
Money you earn.
7
Why is learning Personal Financial Literacy important?
Because the teacher said so.
To know how to make smart money decisions.
So you can eat more ice cream cones.
8
Should you spend money on your needs or wants first?
Needs
Wants
9
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.
10
What does transaction mean?
Taking money out.
Putting money in.
An action you take with money.
The reason money is being deposited or withdrawn.
11
Your weekly expenses (food, gas, bills) are an example of what?
Extras
Needs
Wants
