Post-test Financial Literacy 3rd

Carlos helped his father build a new house for a neighbor.  Carlos received $100 for helping his father.  What could you say about the $100 Carlos received from his father?

• The $100 is income.
• The $100 is a loan.
• The $100 is spending.
• The $100 is credit.

What is the work that a person does? 

• Lend
• Purchase
• Labor
• Income

What is money earned? 

• Income
• Interest 
• Credit 
• Savings plan 

What is it called when you give someone else money that needs to be paid back? 

• Lend
• Borrow
• Spend 
• Purchase 

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

• Income
• Credit
• Interest 
• Lend 

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

• Human Capital 
• Credit 
• Savings Plan 
• Salary 

What is the best form of payment to use when shopping online or making an emergency purchase?

• debit card

• cash

• credit card

• check