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Unit 6 Personal Finance 6th Grade Flashcards | StudBud
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Unit 6 Personal Finance 6th Grade
Unit 6 Personal Finance 6th Grade
20 terms
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StudBud Administration
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Personal Finance
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What does
demand
mean?
articles of trade; merchandise
work where some sort of task is accomplished
quantity of something on hand or available for use; a stock
the state of being wanted for purchase or use
2
A type of job where a person performs some sore of work for another is called a...
goods
tax
service
credit
3
A plan for your spending and saving is called a ....
budget
credit
standard of living
bad idea
4
What does
standard of living
mean?
state of being wanted for purchase or use
work where some sort of task is accomplished
articles of trade; merchandise
level of of comfort in everyday life
5
The extra fee you pay to the bank when you borrow money from them is called...
taxes
savings
budget
interest
6
What is
spending?
the money or payment received for goods or services
to pay out, our use money, wealth, resources
amount(s) of money laid away
belief that a person can repay money for a borrowed item
7
What does
supply
mean?
articles of trade; merchandise
work where some sort of task is accomplished
quantity of something on hand or available for use; a stock
the state of being wanted for purchase or use
8
What does
service
mean?
quantity of something on hand or available for use; a stock
the state of being wanted for purchase or use
articles of trade; merchandise
work where some sort of task is accomplished
9
When you allow a bank to use the money you deposit, you receive...
deductibles
interest
budget
a thank you card
10
What does
income
mean?
money or payment received for goods or services
to pay out, use money, wealth, resources
belief that a person can repay money borrowed
amount(s) of money laid away
11
What does
investing
mean?
work where some sort of task is accomplished
estimate of expected income and expense for a given time
to lend money in order to gain more money in return
an amount paid or charged because one borrowed money
12
What does
credit
mean
?
to pay out, our use money, wealth, resources
amount(s) of money laid away
belief that a person can repay money for a borrowed item
the money or payment received for goods or services
13
What does
interest
mean?
lend money in order to gain more money in return
work where some sort of task is accomplished
an amount paid or charged because one borrowed money
estimate of expected income and expense for a given time
14
What does
budget
mean?
work where some sort of task is acomplished
estimate of expected income and expense for a given time
an amount paid or charged because one borrowed money
lend money in order to gain more money in return
15
If you enjoy a high standard of living, you probably...
live in a cardboard box
got an education and worked hard
owe a lot of money
work in a low-income job
16
Using your money to make more money is called...
goods
budget
investing
credit card
17
What does
saving
mean?
the money or payment received for goods or services
amount(s) of money laid away
belief that a person can repay money for a borrowed item
to pay out, our use money, wealth, resources
18
An example of a "good" is...
collecting taxes
an apple
giving a haircut
painting a family portrait
19
An example of a service is...
paying interest
a box of cereal
mowing a lawn
a credit card
20
What does
goo
ds
mean?
articles of trade; merchandise
quantity of something on hand or available for use; a stock
the state of being wanted for purchase or use
work where some sort of task is accomplished
