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Personal Financial Literacy Flashcards | StudBud

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What is money you pay when you borrow money, or money you receive for lending money?

What is paying money for goods such as food and clothes or services such as a haircut?

Personal Financial Literacy

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3rd Grade Personal Financial Literacy Vocabulary Review

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Questions 10

Answers

1
What is paying money for goods such as food and clothes or services such as a haircut?
Spending
Scarcity
Credit
Interest
2
What is money you pay when you borrow money, or money you receive for lending money?
Credit
Debt
Scarcity
Interest
3
What happens when the demand for goods or services is greater than the supply?
Volunteer
Cost
Salary
Scarcity
4
What are resources?
Giving money to help others.
Things used to produce goods and services.
Paying money for goods and services you expect.
Money you pay when you borrow.
5
When you buy something on _______ you pay for it later.
Earning
Interest
Credit
Saving
6
What is saving?
Money earned for work people do.
Using all the money you have as soon as you get it.
Giving money to a charity.
Putting money aside to use in the future.
7
What is income?
Paying money for goods and services.
Coming inside a building.
Giving money to help others.
Money earned for work people do.
8
What is paying money for goods and services you expect?
Credit
Planned spending
Unplanned spending
A surprise.
9
What is a synonym for the word work?
Product
Labor
Charity
Supply
10
What is giving money to help others?
Charity
Credit
Savings plan
Income