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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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#math #financialliteracy #3rdgrade
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What is a loan?
A loan is when the bank lets you borrow money.
A loan is when the bank ask for more money.
A loan is when the bank gives you money.
A loan is a type of paper.
2
If the supply is low and the demand is high. What will happen to the price?
Increase
Nothing will happen
Decrease
3
What is planned spending?
Money the bank will give you.
Not knowing where you spent your money.
When you loose your money.
Saving your money for something you know you need to buy.
4
Which of these can NOT affect Amy?
The number of years she has been working there.
The special skill she has.
The fact that Amy has more education than her coworkers.
The size of her house and garage.
5
What do we call the money you earn by having a job or working?
Money
Cash
Income
6
What type of spending is this?
Savings
Unplanned
Planned
Income
7
Scarcity is....
Just enough goods available
Not enough goods available
There is a lot of goods available
Something is scared
8
Which type of interest is the one that gives you more money?
Good Interest
Bad Interest
Taxes
Income
9
What is Human capital?
when there is not enough resources
Special skills, years in a job, level of education
is money you earned by working
10
What should you do if you want to pay for college in the future but don't have enough money now
Ask for a loan
Tell your parents to pay for you
Start saving money.
Do not go to college
11
What type of spending is it when we buy things we weren't really looking to buy before?
Unplanned Spending
Unprepared Spending
Surprise Spending
Planned Spending
12
Demand is low and supply is high; the price will...?
will not change
Decrease
Increase
13
This is the stuff you have to sell, the goods.
Scarce
Abundance
Supply
Demand
14
What type of interest do we get if we use our credit card and not pay it on time?
Taxes
No interest
Good Interest
Bad Interest
15
There are not enough lemons but plenty of people need them. What will happen to the price?
The price should increase
They should plant more lemons
The price should decrease.
Do not sell the lemons until more are brought to the stores
16
What do we call when there is a lot of goods available for sell.
Abundance
Demand
Supply
Scarce
17
What is bad credit?
When you have to pay the bank back more money
When the bank gives you more money.
When the bank lets you borrow money.
18
Why would we use a credit card?
To pay for all the things we want.
To get good interest
To pay for repairs
Buy things we need but we dont have the money in that moment
19
Is this planned or unplanned spending?
I don't know
Planned Spending
Easy spending
Unplanned Spending
20
What type of interest would we get if we keep our money in our savings account?
Nothing will happen
Good interest
Bad interest
