Personal Finance 4th
Flashcard
•
Social Studies
•
4th Grade
•
Practice Problem
•
Hard
Wayground Content
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8 questions
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1.
FLASHCARD QUESTION
Front
What is a budget?
Back
A plan for saving and spending
2.
FLASHCARD QUESTION
Front
What does the term "expenditures" mean?
Back
Money spent to purchase goods and services
3.
FLASHCARD QUESTION
Front
What is the definition of "income"?
Back
Money you earn or receive
4.
FLASHCARD QUESTION
Front
Which of the following best describes "savings"? The money you spend immediately, The money you keep and set aside to use in the future, The money you borrow from a bank, The money you lost at school
Back
The money you keep and set aside to use in the future
5.
FLASHCARD QUESTION
Front
What is the term used to describe the things we lose because of our decisions?
Back
Cost
6.
FLASHCARD QUESTION
Front
What is the definition of the term "benefit" in Social Studies?
Back
Positives that come from our decisions
7.
FLASHCARD QUESTION
Front
What is the term for what you give up to get something, a trade-off?
Back
Opportunity cost
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