Financial Literacy-3rd Grade

Front

What are resources?

Back

Resources are things used to produce goods and services. Examples include trees, clean water, soil, oil, and gas.

Front

What is interest?

Back

Interest is extra money you pay when you borrow money as a loan. It can also be money you receive for saving money in the bank.

Front

How do you calculate weekly income?

Back

To calculate weekly income, add up all the money earned in a week.

Tags

CCSS.6.NS.B.3

Front

If Rodrigo earned $56, $75, $44, and $67, what is his total weekly income?

Back

Rodrigo's total weekly income is $242.

Tags

CCSS.2.NBT.B.7

CCSS.3.NBT.A.2

Front

What is a credit card?

Back

A credit card is a card that allows you to borrow money to make purchases, which you must pay back later.

Tags

CCSS.RI.2.3

CCSS.RI.3.3

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.5.3

Front

How much interest did Sally pay for her TV?

Back

Sally paid $100 in interest for her TV.

Tags

CCSS.7.RP.A.3

Front

What is monthly income?

Back

Monthly income is the total amount of money earned in a month.

Tags

CCSS.6.NS.B.3

Front

If Lisa earns $200 a week, what is her monthly income?

Back

Lisa's monthly income is $800.

Tags

CCSS.6.RP.A.3B

Front

What is spending?

Back

Spending is using money to buy goods and services.

Tags

CCSS.RI.2.1

CCSS.RI.3.2

CCSS.RI.5.2

CCSS.RL.2.2

CCSS.RL.5.2

Front

What are loans?

Back

Loans are amounts of money borrowed that must be paid back with interest.