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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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#math #financialliteracy #3rdgrade
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Which of these can NOT affect Amy?
The fact that Amy has more education than her coworkers.
The special skill she has.
The number of years she has been working there.
The size of her house and garage.
2
What is planned spending?
Not knowing where you spent your money.
When you loose your money.
Money the bank will give you.
Saving your money for something you know you need to buy.
3
There are not enough lemons but plenty of people need them. What will happen to the price?
They should plant more lemons
Do not sell the lemons until more are brought to the stores
The price should decrease.
The price should increase
4
What is Human capital?
is money you earned by working
when there is not enough resources
Special skills, years in a job, level of education
5
What do we call when there is a lot of goods available for sell.
Demand
Abundance
Scarce
Supply
6
What type of interest would we get if we keep our money in our savings account?
Nothing will happen
Good interest
Bad interest
7
What do we call the money you earn by having a job or working?
Money
Income
Cash
8
What type of spending is it when we buy things we weren't really looking to buy before?
Unprepared Spending
Unplanned Spending
Planned Spending
Surprise Spending
9
What is a loan?
A loan is when the bank gives you money.
A loan is a type of paper.
A loan is when the bank lets you borrow money.
A loan is when the bank ask for more money.
10
What type of interest do we get if we use our credit card and not pay it on time?
Bad Interest
Good Interest
Taxes
No interest
11
Which type of interest is the one that gives you more money?
Income
Good Interest
Taxes
Bad Interest
12
Demand is low and supply is high; the price will...?
will not change
Decrease
Increase
13
If the supply is low and the demand is high. What will happen to the price?
Increase
Nothing will happen
Decrease
14
Is this planned or unplanned spending?
Easy spending
Unplanned Spending
Planned Spending
I don't know
15
What should you do if you want to pay for college in the future but don't have enough money now
Tell your parents to pay for you
Start saving money.
Ask for a loan
Do not go to college
16
Why would we use a credit card?
To get good interest
Buy things we need but we dont have the money in that moment
To pay for all the things we want.
To pay for repairs
17
This is the stuff you have to sell, the goods.
Supply
Scarce
Demand
Abundance
18
What type of spending is this?
Planned
Income
Unplanned
Savings
19
Scarcity is....
Not enough goods available
Something is scared
There is a lot of goods available
Just enough goods available
20
What is bad credit?
When the bank lets you borrow money.
When you have to pay the bank back more money
When the bank gives you more money.
