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Responsible Money Choices Vocabulary Flashcards | StudBud
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Responsible Money Choices Vocabulary
Responsible Money Choices Vocabulary
11 terms
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StudBud Administration
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173 plays
A 5th grade economics vocabulary review using the EVERFI -Vault Understanding Money series.
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
Keeping important information to yourself or between yourself and close family members.
Secrecy
Privacy
Financial advisor
Decision making
2
Something you truly can't live without.
Technology
A cell phone
Need
Want
3
The price of goods and services rises over time.
Inflation
Growth
Expansion
Reduction
4
Something you'd like to have but will be okay without.
Need
A new bike
Want
Wish
5
The cost you pay when you give up something to get something else.
Interest
Opportunity cost
Cash balance
Decision making
6
A professional at handling money and can give you advice about saving and investing.
Insurance agent
Teacher
Family member
Financial advisor
7
A goal that can be met over a long amount of time such as months, years, or an entire lifetime.
Short-term goal
Monthly goals
Life goal
Long-term goal
8
Considering different information to make a choice.
Want
Long-term goal
Decision making
Short-term goal
9
A place, like a bank, that helps its members manage their money.
Counseling
Financial adviser
The internet
Financial institution
10
A goal that can be achieved in a short amount of time such as a few days, weeks, or months.
Time goals
Focus goals
Long-term goal
Short-term goal
11
The knowledge and skills to manage money.
Financial literacy
Long-term goal
Financial institution
Short-term goal
