Understanding Money Basics Flashcard

Understanding Money Basics Flashcard

Assessment

Flashcard

Other

8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

What is a budget?

Back

A plan for managing money

2.

FLASHCARD QUESTION

Front

What does it mean to “save” money?

Back

Keep it for later

3.

FLASHCARD QUESTION

Front

Which of these is a need? New shoes for fashion, Cell phone with unlimited data, Food and water, Movie tickets

Back

Food and water

4.

FLASHCARD QUESTION

Front

Back

You are in debt

5.

FLASHCARD QUESTION

Front

What is interest in a savings account?

Back

Extra money the bank gives you

6.

FLASHCARD QUESTION

Front

What is the primary purpose of a budget?

Back

To manage financial resources

7.

FLASHCARD QUESTION

Front

What happens when you save money in a bank account?

Back

It earns interest

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