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Duplicate of Personal Financial Literacy for Kids Flashcards | StudBud
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Duplicate of Personal Financial Literacy for Kids
Duplicate of Personal Financial Literacy for Kids
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
When you buy something on ______ you pay for it later.
Credit
Interest
Deposit
Cash
2
________ is paying for goods and services you expect.
Charity
Loan
Planned Spending
Savings
3
Turks love turkey. In winter millions of turkeys died of the flu. How did the supply change?
The price of turkey increased
The supply of turkey stayed the same.
Turkey imported turkeys from the USA
The supply of turkey decreased
4
________ is when you put money aside to use it in the future.
Spend
Buy
Saving
Cash
5
In Mexico a volcano caused all of the strawberry crops to die. What will happen to the price?
The price of strawberries will not change at all.
Strawberries will go extinct.
The price of strawberries will decrease.
The price of strawberries will increase.
6
If you want to get paid more when you are hired for a job you should...
Get a college degree
All of the above
Learn another language
Learn more skills
7
When you pay with a credit card you may have to pay a fee. This is called...
Interest
Bonus
Finder's Fee
Loan
8
When you pay for goods or services you had not saved for or expected
Credit
Planned spending
Unplanned spending
Deposit
9
Money you pay when you borrow money, or money you receive for lending money.
Sale
Interest
Income
Credit
10
Money earned for work people do
Income
Tax
Charity
Credit
11
Mr. Muñoz borrowed $9,000 to pay a dealer for his car. He pays the bank $9,900 over 2 yrs. Why?
The bank made a mistake
The bank charges interest
Mr. Muñoz likes to throw away money
The car cost more than he thought
12
Money you give to help others
Resources
Interest
Charity
Credit
13
In 2017 Hurricane Irma killed lots of the shrimp in the gulf. How does the price change?
The price of shrimp decreases
The price of shrimp increases
The price of shrimp stay the same
The shrimp move to a new habitat
14
These are used to produce goods and services
Deposit
Resources
Credit
Spending
15
________ is paying money for goods such as food and clothes or services such as a haircut.
Spending
Deposit
Interest
Saving