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Financial Literacy Terms Flashcards | StudBud
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Financial Literacy Terms
Financial Literacy Terms
10 terms
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StudBud Administration
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13 plays
Financial literacy vocabulary review
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
Resources are....
a way we travel.
what we use to make new products.
not important.
2
If you lend someone money, you are.....
giving your friend money.
keeping their money for them. Good friend.
allowing them to borrow money. Maybe charge interest.
3
A salary is....
the amount of money you are paid to work.
the money charged when you borrow money.
a vegetable.
4
Income is...
a type of ice cream
the amount you spend every month.
the total amount of money you bring in for your family.
5
If I borrow money I am....
giving it to a friend.
asking for money from a bank or friend.
giving it to a charity.
6
To purchase is to....
Sell!
bag your groceries.
Buy! Buy! Buy!
7
Is having a savings plan for big purchases a good or bad idea?
Who needs a plan?
Great idea!
8
To buy something on credit is to....
to pay for the item immediately.
buy the item and never pay for it.
promise to pay for it later with interest.
9
What is labor?
A color on the color wheel.
work
To have coffee with a friend.
10
Interest is....
the amount of money charged for borrowing money.
a type of palm tree.
something you like to do.
