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Financial Literacy for 3rd grade Flashcards | StudBud

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Buying a new pair of jeans.

Labor is....

Financial Literacy for 3rd grade

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financial literacy vocab for 3rd grade

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Questions 10

Answers

1
Labor is....
taxes.
work that a person does.
money earned.
helps you save money.
2
Buying a new pair of jeans.
giving
spending
saving
income
3
Why is it important to save for college?
Students are older when they go to college.
The cost of college is high.
There are many different colleges.
Many people want to go to college.
4
To____________ means to pay for an item or a service.
credit
purchase
resource
salary
5
What is salary?
to purchase an item
work a person does.
the amount of money you earn
6
What is a good reason to save money?
It keeps you out of debt.
It make you wait for what you want.
It makes you smarter.
It lets you stop working.
7
To pay for something with money, but you must pay back, usually with interest
credit
savings
give
labor
8
Which of the following is mostly likely to be an unplanned spending decision?
buying plane tickets for a vacation
buying a new car
paying to go to the movies
paying for college course
9
Do you think you can save money?
no
maybe
yes
10
When ANOTHER person gives YOU money that you will need to pay back. This is called
income
credit
borrow
purchase