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Financial Literacy Grades 3-4 Flashcards | StudBud
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Financial Literacy Grades 3-4
Financial Literacy Grades 3-4
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StudBud Administration
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financial literacy
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
True or False: You should always spend money on needs before you spend money on wants.
True
False
2
Why is it important to save money?
So you can pay for unplanned expenses.
Both of these are correct.
Neither of these are correct.
So you can buy something expensive.
3
What is money you earn from doing a job?
income
expense
4
Read and answer the problem below.
Yes
No, interest rate is too high
5
Read carefully and solve the following word problem.
$35
$25
$5
$15
6
How much money is shown in the following picture?
$4.50
$4.53
$4.57
$4.62
7
Read and answer the word problem below.
The cost will go up
The cost will not change
The cost will go down
8
How much money is shown in the picture below?
$3.87
$3.17
$3.92
$3.47
9
True or False: The more human capital a person has, the better job he/she can get.
True
False
10
Read carefully and solve the word problem below.
$9
$5
$6
11
What is an example of an unplanned expense?
monthly rent
loan payment
electric bill
you get a flat tire
12
What is a responsible way to use a credit card?
B. only in emergencies
C. purchase something I need then pay it off quickly
B and C only
A. pay my rent every month
13
What human capital does a veterinarian have?
good with animals
degree from a university
all of these examples of human capital
interned at a vet clinic
14
__________ is how much of a product or resource you have.
demand
supply
15
You buy a sandwich for $4.00. You give the clerk $20.00. How much change do you get back?
$16.50
$24.00
$16.00
16
When something is scarce, that means...
There is a lot of that product.
there is NOT a lot of that product
17
Read and answer the word problem below.
these cars will be cheaper
only the rich will be able to afford the cars
the cars will be more expensive
18
_____________________ is defined as the special skills, experience and education a person has.
employer
human capital
income
employee
19
What is NOT a synonym for income?
expense
earnings
salary
paycheck
20
What is an example of a planned expense?
rent/house payment
college tuition
loan payment
All of these are planned expenses
