Financial Literacy 3rd

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

• Income
• Credit
• Interest 
• Lend 

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

• credit

• bankruptcy

• debtor

• foreclosure

What is the value of these coins?

• 31¢
• 61¢
• 70¢
• 46¢

Tags

CCSS.6.NS.B.3

Something that you pay is called....

• income
• an expense
• a profit
• savings

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

Which is an example of scarcity?

• our class has too many ipads

• our class has one ipad

• our class has 7 ipads

• our class has 12 ipads

_________ is the money that is earned for the person that did the _________ .

• rent, cleaning

• interest, labor

• bills, purchase

• income, labor

Which of the following usually causes income from a job to be higher?

• the job has a title
• more education is required for the job
• people must be interviewed for the job
• an ad for the job was placed on the internet

Tags

CCSS.RI.4.1

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RI.5.1

CCSS.RL.6.1

The study of banking and money in this unit is called

• Banking Literacy
• Money Literacy
• Math literacy
• Financial Literacy

Tags

CCSS.7.RP.A.3

Scarcity is

• when there is too much of something

• when there is too many of something

• when there is not enough of something

• when you are afraid to lose all your money