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Financial Literacy 3rd grade Flashcards | StudBud

Explore/Financial Literacy 3rd grade

Saving is...

What is spending?

Financial Literacy 3rd grade

12 terms·StudBud Administration·893 plays

Vocabulary Unit 16

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Questions 12

Answers

1
What is spending?
it is paying money for goods and services
it is paying money for your income
it is paying money for paying something later
it is paying money the goverment
2
Saving is...
things used to produce goods and services.
when you buy something and pay for it later.
putting money aside to use in the future.
money earned for work people do.
3
______ is money you pay when you borrow money, or money you receive for lending money.
income
savings
interest
credit
4
_______is giving money to help others.
credit
saving
interest
charity
5
What is income?
it is money earned as a gift
it is how much money you have
it is how much money you want to have
it is money earned for work people do
6
Buying something on ____________ and paying for it later.
credit
payment
savings
income
7
Tina got shoes. She made 2 payments of $10. The cash price was $16. How much was the interest?
$4
$36
$20
$16
8
After Hurricane Harvey people were asking for $ donations. This is an example of ______ ?
charity
income
saving
income
9
Planned spending is ...
paying money for good and services you expect
paying money to others
paying money and not getting anything
buying goods and services
10
Unplanned spending is...
putting money a side for the future.
paying for things you need.
paying for goods and services you do not expect.
money people get for providing a service.
11
____________ is an example of unplanned spending.
Fixing the roof after a big storm
Buying groceries
Getting a new iPhone
Paying the electricity
12
Resources are _________.
what you do when you borrow money
the things you need.
things to produce goods and services.
money you pay later.