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Fun with Financial Literacy Part 2 Flashcards | StudBud
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Fun with Financial Literacy Part 2
Fun with Financial Literacy Part 2
17 terms
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StudBud Administration
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A fun financial literacy review game for 3rd graders!
Flashcards
17 cards
F
Practice quiz
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Host live
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Questions
17
Answers
1
You ________ money when another person gives you money that you will need to pay back.
credit
lend
borrow
savings plan
2
Which of the following allows a person to have more opportunities for jobs in their life?
high school graduation
not graduating from high school
high school, college and graduate school after college
high school graduation and college graduation
3
When there is not enough to meet the demand, an item is _________.
available
lend
scarce
human capital
4
What is a reason to save money? Hint: 2 answers are correct!
buy a car
pay for college
buy gasoline for your car
buy groceries
5
If you make money working, you earn ________.
resources
income
borrow
interest
6
When you put money into an account to use later.
savings
credit
purchase
salary
7
Borrowing money to buy a new house is an example of _______.
saving
income
credit
labor
8
Donating money to a homeless shelter is an example of _______.
saving
spending
income
giving
9
Which is a a false statement about credit? Hint: 2 answers are correct!
You spend more money when you use credit.
You use credit when you do not have enough money to buy it.
You should always pay for things with credit.
You don't have to pay money back when you use credit.
10
________ is the money paid by a borrower to a lender for the use of the lender's money.
spend
interest
income
labor
11
Mo's camp costs $240. She saves $30 a week, how many weeks does she need to save to enough?
5
8
6
3
12
Working at Sonic is an example of ________.
income
labor
giving
spending
13
Human capital is...
Education
All of the above
Experience
Skills
14
Buying a new pair of shoes is an example of _______.
giving
spending
income
credit
15
What is another word for when you buy something?
purchase
labor
income
lend
16
Choose an example of unplanned spending?
buying a new car
saving money for college
paying money to buy groceries
buying a house
17
A consumer is somebody who buys things, a consumer buys _________.
lend
human capital
resources
labor