Financial Literacy

An item that can be purchased by a consumer... you can actually hold or touch it

• needs

• goods

• services

• wants

Something people or businesses do for other people for payment

• needs

• goods

• services

• wants

A WANT is something that you cannot live without. You must have it to stay alive and well.

• True

• False

A WANT is something that you can live without but it is nice to have and it makes you happy.

• True

• False

To give something away for a good cause

• charity

• donate

• support

• deposit

A business where people deposit and withdraw their money and borrow money

• Bank

• City Hall

• School

• Library

Money put into your bank account. When you make one, your account balance goes up.

• withdraw

• loan

• debt

• deposit

Money taken out of your account, when you make one, your account balance goes down.

• withdraw

• loan

• debt

• deposit

A type of account held at a bank that earns interest

• checking account

• savings account

• credit card

• debit card

A type of account that allows you to easily deposit and withdraw money for daily transactions

• checking account

• savings account

• debit card

• credit card