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Financial Literacy Flashcards | StudBud

Explore/Financial Literacy

Financial Literacy

10 terms·StudBud Administration·46 plays

A math Quiz preparing 3rd grade students on financial literacy.

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Questions 10

Answers

1
When you have a lot of something...
nothing happens
the price goes down.
the price stays the same.
the price goes up.
2
What are needs?
Spending
Things we need to live and survive
Unplanned spending
Things we would like to have, but don't need
3
A person who does not pay his credit card bill on time should continue using his credit card.
FALSE
TRUE
4
What is not an example of a need?
House bills
Ps4
Food
Clothes
5
What are wants?
Planned spending
Spending
Things we need to live and survive
Things we would like to have, but don't need
6
What is scarcity?
A debit card
A big, huge scar
Having lots of something
Not enough
7
Which is NOT a way in which you can pay?
Credit Card
Debit Card
Lemons
Cash
8
What are the two types of spending?
Important & Unimportant
Planned & Unplanned
Thought & Unthought
9
What is a tax deduction?
A gift
An expense that can be added to taxable income.
Subtraction
An expense that can be subtracted from taxable income.
10
Which is NOT a characteristic of human capital?
Traning
Math
Experience
Skills