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Duplicate of Personal Financial Literacy - Third Flashcards | StudBud
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Duplicate of Personal Financial Literacy - Third
Duplicate of Personal Financial Literacy - Third
15 terms
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StudBud Administration
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3rd grade financial literacy vocabulary
Flashcards
15 cards
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Practice quiz
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Host live
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Questions
15
Answers
1
Billy saves $5 a week for a game that is $35. He has $20 saved. Which will NOT let him buy it?
He saves for 1 more week then gets $10 for washing the car.
He saves for 3 more weeks and buys a fidget spinner.
He saves for 3 more weeks.
2
Joe takes a loan for $30 dollars with $5 interest. Joe earns $20. How much does he still owe?
$15
$10
$$5
$55
3
If the availability of a product is low, then the price is most likely __________.
high
low
4
When the demand for a certain product is high, then the price is usually ___________.
rises
lowers
stays the same
5
When you pay for goods or services you did not save for.
Unplanned spending
Planned spending
Credit
Deposit
6
________ is paying money for goods such as food and clothes or services such as a haircut.
Spending
Interest
Deposit
Saving
7
Money you pay when you borrow money, or money you receive for lending money.
Income
Credit
Interest
Sale
8
________ is paying for goods and services you expect.
Loan
Charity
Savings
Planned Spending
9
________ is when you put money aside to use it in the future.
Buy
Spend
Cash
Saving
10
Which one of these involves interest?
Savings Account
Cash
Credit Card
Debit Card
11
Which of these would you most likely put on a credit card?
Groceries
New Washing Machine
Shoes
Gas
12
The money earned for work people complete.
Tax
Credit
Income
Charity
13
When you buy something on ______ you pay for it later.
Credit
Interest
Deposit
Cash
14
The more experience or education, the better chance you have of earning a higher income.
False
True
15
Money you give to help others.
Resources
Credit
Charity
Interest