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

Tags

CCSS.7.RP.A.3

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

Tags

CCSS.7.RP.A.3

When you owe money it is called: 

• Expenses
• Debt
• Assets
• Liabilities

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

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 an allowance?

• money you get for selling something
• money you earn for doing chores
• something you are allowed to do
• money you spend to buy something

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

Tags

CCSS.L.8.5A

Money spent is called...

• income
• net gain
• expense

Tags

CCSS.6.NS.B.3

Money received is called...

• income
• insurance
• savings