Financial Literacy

Flashcard
•
Mathematics
•
3rd Grade
•
Hard
Quizizz Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is credit?
Back
Allowing goods and services to be used now with a promise of payment in the future.
2.
FLASHCARD QUESTION
Front
What does it mean to owe money?
Back
It is called Debt.
3.
FLASHCARD QUESTION
Front
What does it mean to pay back money with interest?
Back
You have to pay back the money PLUS an additional amount.
4.
FLASHCARD QUESTION
Front
What is borrowing money and paying it back with interest called?
Back
Credit.
5.
FLASHCARD QUESTION
Front
What is interest?
Back
The amount owed for borrowing money.
6.
FLASHCARD QUESTION
Front
What is a debtor?
Back
A person who owes money.
7.
FLASHCARD QUESTION
Front
What are assets?
Back
Things that you own that have value.
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