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3rd grade- Personal Financial Literacy Flashcards | StudBud
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3rd grade- Personal Financial Literacy
3rd grade- Personal Financial Literacy
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Flashcards
30 cards
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Questions
30
Answers
1
For a paycheck, do you record it in the deposit or withdrawal column of your checkbook?
Withdrawal
Deposit
2
What is income?
A place you can enter.
Money you earn.
A bank account.
A paycheck.
3
a way to buy something and pay for it later
interest
credit
saving
income
4
things a person wishes to have but can live without
income
spending
wants
needs
5
money you pay when you borrow money or money you receive for lending money
income
interest
credit
supply
6
money earned by doing work
credit
needs
interest
income
7
What does transaction mean?
An action you take with money.
Putting money in.
Taking money out.
The reason money is being deposited or withdrawn.
8
Should you spend money on your needs or wants first?
Wants
Needs
9
What is a loan?
A contest you win.
Money the bank just gives you.
A gift of money.
Money borrowed form the back you will have to repay.
10
the knowledge, education, or skills that can be used by a person to earn income --
income
human capital
unplanned spending
labor
11
putting money aside on a regular basis in order to reach a goal
profit
savings plan
income
cost
12
Why is learning Personal Financial Literacy important?
So you can eat more ice cream cones.
To know how to make smart money decisions.
Because your teacher said so.
Because money doesn't grow on trees.
13
an amount of money put aside for the future
saving
planned spending
unplanned spending
spending
14
What is an example of a short term savings goal?
A trip to Disneyland
A car
A new video game
A house
15
things a person must have to survive
interest
credit
needs
wants
16
Work or service performed by people for wages that provide goods or services for others...
labor
planned spending
human capital
income
17
What is interest?
Extra money you pay the bank because they loaned you money.
A piece of paper.
A bank account.
Something that catches your attention.
18
To receive credit or money on loan with the promise and understanding of returning it
income
borrower
lender
credit
19
paying money for goods and services you do not expect
planned spending
saving
unplanned spending
income
20
giving things like money, items and time to others and not expecting anything in return
charity
wants
needs
resource
21
When you deposit money into your account, do you add or subtract to find the total.
Subtract
Add
22
Your weekly expenses are an example of what?
Wants
Needs
Unfair charges
Extras
23
What does it mean to withdrawal money?
The double your money.
To put money in.
To take money out.
To give away your money.
24
What happens when you spend all your money on your needs?
You take out a loan.
You don't get your wants.
Your grandma gives you more money.
The government pays for your wants.
25
What is an example of a long term savings goal?
A house
A new video game
An ice cream cone
A trip to Disneyland
26
plenty of resources; there is enough for everyone who wants it
availability
income
scarcity
resource
27
an organization or person that lends money
dad
mom
credit
lender
28
paying money for goods and services that you expect
income
unplanned spending
planned spending
saving
29
not having enough of a resource
scarcity
availability
needs
demand
30
things used to produce goods and services
wants
income
resources
needs
