Personal Financial Literacy Review for test

Personal Financial Literacy Review for test

Assessment

Flashcard

Mathematics

2nd Grade

Easy

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15 questions

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1.

FLASHCARD QUESTION

Front

Who is the consumer in a transaction?

Back

The consumer is the person who buys and uses goods or services.

2.

FLASHCARD QUESTION

Front

What does it mean to lend something?

Back

To lend means to give something to someone with the expectation that it will be returned.

3.

FLASHCARD QUESTION

Front

Who is the producer in a transaction?

Back

The producer is the person who makes or creates goods or services.

4.

FLASHCARD QUESTION

Front

What does it mean to spend money?

Back

To spend money means to give money in exchange for goods or services.

5.

FLASHCARD QUESTION

Front

What is a transaction?

Back

A transaction is an exchange of goods or services for money.

6.

FLASHCARD QUESTION

Front

What is a good?

Back

A good is a physical item that can be bought or sold.

7.

FLASHCARD QUESTION

Front

What is a service?

Back

A service is an action or activity that one person does for another.

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