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Personal Financial Literacy 3rd grade Flashcards | StudBud
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Personal Financial Literacy 3rd grade
Personal Financial Literacy 3rd grade
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Colorado State Standards for 3rd Grade literacy
Flashcards
15 cards
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Questions
15
Answers
1
Why are there two columns under DEPOSIT in your checkbook?
To make things confusing.
In case you make a mistake.
Always put zeros in the second column.
One column is for the dollars, the other is for the cents.
2
What is a loan?
A gift of money.
A contest you win.
Money borrowed form the back you will have to repay.
Money the bank just gives you.
3
What is income?
Money you earn.
A paycheck.
A bank account.
A place you can enter.
4
What should you fill out first when making a new entry in your checkbook?
The total.
The amount of money.
How you earned the money.
The date.
5
What is an example of a long term savings goal?
A new video game
An ice cream cone
A trip to Disneyland
A house
6
Your weekly expenses are an example of what?
Needs
Extras
Wants
Unfair charages
7
What does it mean to withdrawal money?
The double your money.
To take money out.
To put money in.
To give away your money.
8
Should you spend money on your needs or wants first?
Wants
Needs
9
What is an example of a short term savings goal?
A house
A new video game
A car
A trip to Disneyland
10
For a paycheck, do you record it in the deposit or withdrawal column of your checkbook?
Withdrawal
Deposit
11
What happens when you spend all your money on your needs?
You don't get your wants.
You take out a loan.
Your grandma gives you more money.
The government pays for your wants.
12
When you deposit money into your account, do you add or subtract to find the total.
Subtract
Add
13
Why is learning Personal Financial Literacy important?
Because Mrs. Remien said so.
Because money doesn't grow on trees.
So you can eat more ice cream cones.
To know how to make smart money decisions.
14
What is interest?
A bank account.
A piece of paper.
Something that catches your attention.
Extra money you pay the bank because they loaned you money.
15
What does transaction mean?
The reason money is being deposited or withdrawn.
Putting money in.
An action you take with money.
Taking money out.
