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Personal Financial Literacy Flashcards | StudBud

Explore/Personal Financial Literacy

What are resources?

When you buy something on _______ you pay for it later.

Personal Financial Literacy

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3rd Grade Personal Financial Literacy Vocabulary Review

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Questions 10

Answers

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