Financial Literacy 3rd Grade

Financial Literacy 3rd Grade

Assessment

Flashcard

Mathematics

3rd Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What is borrowing money?

Back

Borrowing money means taking money from someone with the promise to pay it back later.

2.

FLASHCARD QUESTION

Front

What does interest mean in borrowing?

Back

Interest is the extra money you pay back when you borrow money, in addition to the amount you borrowed.

3.

FLASHCARD QUESTION

Front

What happens to prices when there are fewer items available?

Back

When there are fewer items available, the price usually increases because people want to buy them.

4.

FLASHCARD QUESTION

Front

What is a salary?

Back

A salary is the amount of money a person is paid for their work, usually on a regular basis.

5.

FLASHCARD QUESTION

Front

What factors can affect how much someone is paid?

Back

Factors include work experience, education level, and special skills.

6.

FLASHCARD QUESTION

Front

What is saving money?

Back

Saving money means keeping some of your money instead of spending it all.

7.

FLASHCARD QUESTION

Front

What is a budget?

Back

A budget is a plan for how to spend and save money.

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