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AVID: Financial Literacy Vocabulary Flashcards | StudBud
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AVID: Financial Literacy Vocabulary
AVID: Financial Literacy Vocabulary
14 terms
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#personalfinancialliteracy #thirdgrade
Flashcards
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Questions
14
Answers
1
Health Insurance, Dental Insurance, and Paid Sick Time are examples of:
Perks you can demand.
Perks you can gift other coworkers.
Benefits your employer might pay for.
Things you pay your employer for.
2
Most minimum wage jobs are
paid hourly
, meaning you get paid:
only the hours you work.
for 40 hours a week, even if you only worked 20.
only one hour of work every shift.
the same amount, no matter how much you work that day.
3
Rent, groceries, and electricity are all examples of:
Credit
Interest
Needs
Wants
4
The extra money you have to pay when you borrow money
OR
money you make from a saving's account is called:
Interest
Credit
Supply
Income
5
True or False: When you pay with a
Credit Card
, you are paying with borrowed money that you will have to pay back.
True
False
6
The money earned by doing work is called:
Interest
Credit
Income
Needs
7
The least amount of a money an employer can pay you is called the:
Supreme Wage
Volunteer Wage
Minimum Wage
Variable Wage
8
Part of a paycheck will go to the government to pay for things like social security, schools, & roads. This is called:
Credit
Benefits
Taxes
Interest
9
True or False: When you pay with a
Debit Card
, you are paying with money you already have in your bank account.
True
False
10
The time period you are scheduled to work is called your:
Expectations
Shift
Pay Period
Responsibilities
11
An amount of money put aside for the future is called:
Credit
Planned Spending
Unplanned Spending
Savings
12
The latest iPhone, a Dutch Brother's drink, and a new shirt are examples of:
Credit
Interest
Needs
Wants
13
Money you borrow and later pay back with interest is called:
Income
Credit
Checking
Savings
14
A plan for saving and spending is called:
Adulting
Income
A Budget
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