Financial Literacy - Brain Pop

Financial Literacy - Brain Pop

Introduction

​Watch this 5 minute video over finacial literacy. Then answer the questions after.

Multiple Choice

What is an expenditure?

• getting money 

• income 

• spending money 

• a pay check 

Multiple Choice

What is income?

• Money spent

• money received/earned

• money

• buying stuff

Multiple Choice

Which 2 things does a budget compare?

• savings & interest 

• income & expenses

• income & investments 

• expenses & expenditures 

Multiple Choice

True or False?

Budgets allow people to track how and where their money is spent?

• True

• False

Multiple Choice

If your income is $20 per month, how much should you spend each month to stay on budget? Choose the best answer.

• Exactly $20

• Between $10 - $30

• Nothing 

• $20 or less

Multiple Choice

What is the correct definition for balanced budget?

• the amount of income and expenditures are the same

• the amount of income is less than expenditures

• the amount of expenditures is more than your income