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Financial Literacy Vocabulary (4th Grade) Flashcards | StudBud
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Financial Literacy Vocabulary (4th Grade)
Financial Literacy Vocabulary (4th Grade)
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#4thgrade #financialliteracy
Flashcards
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Questions
13
Answers
1
Additional money paid by a borrower to a lender in exchange for use of the lender's money is
credit
interest
lending
deposit
2
Allowing someone to borrow money with the agreement that it will be paid back with interest is
withdrawl
allowance
profit
lending
3
Expenses that occur regularly and the amount does not change
variable expenses
income
fixed expenses
credit
4
Taking and using money that belongs to someone else, with the agreement to pay it back is
borrowing
withdrawl
budget
financial institution
5
Expenses that change based on need or choice are...
fixed expenses
income
variable expenses
profit
6
Business that keeps money safe, lends and borrows money is...
a safe
a financial institution
the mint
a store
7
When I put money in my bank account, I am making....
a deposit
an allowance
interest
income
8
An organized plan for spending and saving money is
lending
budget
allowance
interest
9
Amount of money left after all the expenses are subtracted from selling an item or service is
profit
interest
deposit
income
10
Money that is earned from work is
income
loan
profit
allowance
11
An amount of money given regularly is...
income
an allowance
credit
a loan
12
To take money out of a bank account is
borrowing
withdrawl
lending
deposit
13
Money that a financial institution allows a person to use and pay back with interest is
a withdrawl
a loan
a deposit