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Financial Literacy 3rd grade Flashcards | StudBud

Explore/Financial Literacy 3rd grade

Financial Literacy 3rd grade

12 terms·StudBud Administration·67 plays

Vocabulary practice

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Questions 12

Answers

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