Financial Literacy

Question 1

Ms. Click's dog needs a new dog house. She got $2000 from the bank. What is that money called?

Accepted Answer

loan

Question 2

Mrs. Hasler always puts money in the bank what is she doing? Making a ______.

Accepted Answer

deposit

Question 3

My house has a roof leak, I need $6,000 now! I am going to use a credit card what am I doing?

Accepted Answer

spending

Question 4

I am going to put my birthday money in a jar for five years. What am I doing with my money?

Accepted Answer

saving

Question 5

Mrs. Dang needs new beach gear, she puts money in the bank to earn interest. What is she doing?

Accepted Answer

earning

Question 6

Since I used my credit card on a roof, do I have to pay the money back?

Accepted Answer

Yes

Question 7

At Christmas time we give money to the American Red Cross, what am I doing with my money?

Accepted Answer

donating

Questions 7