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Grade 4 financial literacy Flashcards | StudBud
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Grade 4 financial literacy
Grade 4 financial literacy
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Questions
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Answers
1
Money that an individual gets to keep after paying expenses
Saving
Debit
Profit
Inflation
2
Saving is to put money into your bank account
True
False
3
Interest is
Another credit card the bank can give
Money a person must pay if they borrow money
How much $$ your boss pays you
The amount of $$ you start with
4
What is the money a person makes from their job
Taxes
Profit
Income
Revenue
5
What is a withdrawl?
To borrow money from the bank
When your boss gives you money
To take money out of savings
Investing in companies
6
Interest is: a plan for earning and spending over a period of time
True
False
7
What is a plan for earning and spending over a period of time?
Income
Profit
Budget
Interest Rate
8
What is to make money for work or service
Earning
Profit
Debt
Income
9
What is investing?
Your total amount of money
To buy an expensive item
To take money out of the bank
To spend money with the hope it will make you more money in the future
10
Credit card is a way to pay for things by borrowing money
True
False
11
What is money which everyone must give to the government?
Tax
Profit
Credit
Income
