
Personal Financial Literacy Terms
Authored by HALEY MUNKSGARD
Mathematics
4th - 7th Grade
CCSS covered
Used 115+ times

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23 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When your income is equal to your expenses (including your savings) it is called...
net income
balanced budget
budget
gross income
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
a plan for spending and saving money is called...
tax
fixed expense
income
budget
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
a method for paying for a purchase: an order in writing to a bank asking that a certain amount of money be paid out of one's account is called...
check
debit card
credit card
tax
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
a method for buying something: an identification card issued by a bank that allows a person to buy goods and services immediately and pay the cost at a later time is called a...
debit card
check
credit card
save
Tags
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
CCSS.RI.3.10
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
an identification card issued by a bank that allows a user to immediately remove money from an account
check
debit card
credit card
expense
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
money you earn before taxes are removed
gross income
net income
tax
budget
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Taxes that are taken out of the money you earn. This amount is based on how much money you earn (including federal taxes, state taxes, and payroll taxes).
payroll tax
sales tax
property tax
income tax
Tags
CCSS.7.RP.A.3
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