Financial Literacy Vocabulary
Authored by AMBER FULLER
Mathematics, Social Studies
3rd Grade
CCSS covered
Used 7+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Income?
the amount you must pay to get something
work
money earned
to get money or other goods that will have to be returned from a bank or a person
Tags
CCSS.L.4.6
CCSS.L.1.6
CCSS.L.3.6
CCSS.RL.1.4
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Cost?
the amount you must pay to get something
work
money earned
to get money or other goods that will have to be returned from a bank or a person
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Labor?
the amount you must pay to get something
work
money earned
to get money or other goods that will have to be returned from a bank or a person
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Borrowing?
the amount you must pay to get something
work
money earned
to get money or other goods that will have to be returned from a bank or a person
Tags
CCSS.L.5.5C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Human Capital?
the knowledge, skills, and abilities of a person or group of people
money that a bank allows a person to use; must be paid back to the bank in the future, with interest
to give money or other goods, expecting it to be returned
a charge that is paid to a lender in return for borrowing money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Interest?
the knowledge, skills, and abilities of a person or group of people
money that a bank allows a person to use; must be paid back to the bank in the future, with interest
to give money or other goods, expecting it to be returned
a charge that is paid to a lender in return for borrowing money
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Lending?
the knowledge, skills, and abilities of a person or group of people
money that a bank allows a person to use; must be paid back to the bank in the future, with interest
to give money or other goods, expecting it to be returned
a charge that is paid to a lender in return for borrowing money
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
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