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Duplicate of Personal Financial Literacy 3rd grade Flashcards | StudBud
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Duplicate of Personal Financial Literacy 3rd grade
Duplicate of Personal Financial Literacy 3rd grade
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Colorado State Standards for 3rd Grade literacy #personalfinancialliteracy3rdgrade
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
What is an example of a long term savings goal?
An ice cream cone
A new video game
A house
A trip to Disneyland
2
Your weekly expenses are an example of what?
Unfair charages
Wants
Needs
Extras
3
What is an example of a short term savings goal?
A new video game
A house
A trip to Disneyland
A car
4
Which is an example of human capital?
Warehouse full of electronics
Credit Card
Training course for writing code
Money saved in the bank
5
Why is learning Personal Financial Literacy important?
Because Mrs. Remien said so.
To know how to make smart money decisions.
So you can eat more ice cream cones.
Because money doesn't grow on trees.
6
When you deposit money into your account, do you add or subtract to find the total.
Add
Subtract
7
Should you spend money on your needs or wants first?
Needs
Wants
8
What happens when you spend all your money on your needs?
You take out a loan.
You don't get your wants.
Your grandma gives you more money.
The government pays for your wants.
9
What is a loan?
Money borrowed from the bank you will have to repay.
A gift of money.
Money the bank just gives you.
A card you use
10
What is income?
Money you earn.
A place you can enter.
A bank account.
A paycheck.
11
When demand goes up for a product and the supply is the same, what happens to the price?
The demand increases
The price stays the same
The price increases
The price decreases
12
What does it mean to withdrawal money?
The double your money.
To give away your money.
To take money out.
To put money in.
13
What is interest?
A bank account.
Extra money you pay the bank because they loaned you money.
A piece of paper.
Something that catches your attention.
