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Financial Literacy - Gr4 Flashcards | StudBud
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Financial Literacy - Gr4
Financial Literacy - Gr4
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Flashcards
12 cards
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Questions
12
Answers
1
It does not matter when you start saving, it matters how much you save.
False
True
2
A
financial plan
that helps you determine how to save and spend your money is called a _______.
plan
budget
bank
expense
3
Mutual funds and real estate are ways to_______ for the future.
share
spend
plan
invest
4
What is a charitable donation?
Money put into an account.
Services which have to be paid for.
Taking away money from a person or organization.
A gift of money or time to a person or organization.
5
________ is the amount of money you earn every month by doing a job or receiving allowance.
budget
payments
income
expenses
6
When you borrow money to buy a car or house, you have to pay ____.
Interest
Loan
Finance
Savings
7
Credit cards are..
Money you owe your parents.
useful but can get expensive if you make small repayments.
better than carrying cash when you want a chocolate bar.
Money from your chequing account.
8
What's a debit card?
A card that can be used in vending machines.
A card that allows you to pay with money from your own bank account.
A way to borrow money before you earn it.
A card that has money in it that you don't own.
9
Saving is for shorter time periods and investing is for years.
False
True
10
Money paid to buy the things you need and want is called ___________.
spending
sharing
giving
saving
11
Financial literacy means
The amount of money someone makes.
Being able to read and write money amounts.
Thinking carefully about how you earn, spend and save.
The amount of money someone saves.
12
Nick earned $50. He spent $12 on bus tickets, and $25 for a birthday gift . How much did he have for savings?
$6
$8
$15
$13
