3rd Grade Financial Literacy

What is the money called that is paid by a borrower to a lender for the use of the lender's money?

• Income
• Credit 
• Interest
• Purchase

What helps you save money regularly so you can reach your goals? 

• Human Capital 
• Credit 
• Savings Plan 
• Salary 

What is paying for something with money that you borrow and must pay back, usually with interest? 

• Income
• Credit
• Interest 
• Lend 

Sawyer is selling bracelets. She pays $2.00 for the beads and $2.50 for the string. She sells her bracelets for $1.00.  
How much are her expenses?

• $2.00
• $2.50
• $4.50
• $5.50

Tags

CCSS.3.NBT.A.2

Which type of postsecondary degree takes about four years to earn attending college full time and is required for professions such as teachers, nurses, and hospital administrators?

• Doctoral or Professional Degree
• Associate's Degree
• Master's Degree
• Bachelor's Degree

Interest is: 

• A charge for lending money to a bank
• The amount owed for borrowing money
• the amount added into your savings when opening a bank account
• a charge for the convenience of accessing money stored in your bank account

Allowing goods and services to be used now with a promise of payment in the future.

• credit
• bankruptcy
• debtor
• foreclosure

What is a budget

• A plan to manage income and expenses
•  average monthly income
• average yearly income
• a plan that poor people need to use

When you owe money it is called: 

• Expenses
• Debt
• Assets
• Liabilities

What is the value of these coins?

• 31¢
• 61¢
• 70¢
• 46¢

Tags

CCSS.3.NBT.A.2