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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
20 terms
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#math #financialliteracy #3rdgrade
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What should you do if you want to pay for college in the future but don't have enough money now
Tell your parents to pay for you
Ask for a loan
Do not go to college
Start saving money.
2
This is the stuff you have to sell, the goods.
Supply
Abundance
Demand
Scarce
3
Which of these can NOT affect Amy?
The fact that Amy has more education than her coworkers.
The special skill she has.
The size of her house and garage.
The number of years she has been working there.
4
What is planned spending?
Saving your money for something you know you need to buy.
Not knowing where you spent your money.
Money the bank will give you.
When you loose your money.
5
Demand is low and supply is high; the price will...?
Decrease
will not change
Increase
6
What type of interest would we get if we keep our money in our savings account?
Good interest
Bad interest
Nothing will happen
7
What is a loan?
A loan is a type of paper.
A loan is when the bank gives you money.
A loan is when the bank ask for more money.
A loan is when the bank lets you borrow money.
8
What type of spending is this?
Income
Savings
Planned
Unplanned
9
What is bad credit?
When the bank lets you borrow money.
When you have to pay the bank back more money
When the bank gives you more money.
10
What do we call when there is a lot of goods available for sell.
Demand
Scarce
Supply
Abundance
11
There are not enough lemons but plenty of people need them. What will happen to the price?
The price should decrease.
They should plant more lemons
Do not sell the lemons until more are brought to the stores
The price should increase
12
What do we call the money you earn by having a job or working?
Income
Cash
Money
13
Why would we use a credit card?
To pay for repairs
To get good interest
Buy things we need but we dont have the money in that moment
To pay for all the things we want.
14
If the supply is low and the demand is high. What will happen to the price?
Nothing will happen
Decrease
Increase
15
Which type of interest is the one that gives you more money?
Taxes
Good Interest
Income
Bad Interest
16
What type of interest do we get if we use our credit card and not pay it on time?
No interest
Taxes
Bad Interest
Good Interest
17
Scarcity is....
Not enough goods available
Something is scared
Just enough goods available
There is a lot of goods available
18
What type of spending is it when we buy things we weren't really looking to buy before?
Planned Spending
Unprepared Spending
Surprise Spending
Unplanned Spending
19
Is this planned or unplanned spending?
Planned Spending
Unplanned Spending
Easy spending
I don't know
20
What is Human capital?
when there is not enough resources
Special skills, years in a job, level of education
is money you earned by working
