Financial Literacy

Front

What are the benefits of credit cards?

Back

Safe and convenient, bonuses are offered, allows you to build a positive credit report, needed for reservations and online shopping, all of these.

Front

What is credit?

Back

Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date.

Front

What does it mean to deposit money?

Back

To put money into an account.

Tags

CCSS.RI.7.4

CCSS.RI.6.4

CCSS.RI.5.10

CCSS.RI.8.4

CCSS.RI.4.10

Front

What is a late payment fee?

Back

Amount charged if your payment is received after the billing date.

Front

What is the balance of an account?

Back

The amount of money available in the account at a given time.

Tags

CCSS.6.NS.C.7C

Front

What is a withdrawal?

Back

Taking money out of an account.

Front

What is interest?

Back

The cost of borrowing money, usually expressed as a percentage.

Tags

CCSS.6.RP.A.3C

Front

What is a budget?

Back

A plan for managing income and expenses.

Tags

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.5.3

Front

What is a savings account?

Back

An account where you can deposit money and earn interest.

Front

What is a loan?

Back

Money borrowed that is expected to be paid back with interest.

Tags

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

CCSS.L.3.4D