Personal Financial Literacy

It is a good idea to save money.

• True

• False

Tags

CCSS.RL.6.1

CCSS.RI.5.8

CCSS.RI.6.1

CCSS.RI.6.8

CCSS.RI.7.1

What is a loan?

• A fee you have to pay

• Free money

• A plan for using money

• Something you borrow, usually money

What is INTEREST? (Choose 2 answers)

• The money you save

• The money you earn

• Money the bank gives you for letting it hold their money

• A fee to borrow money

The money you earn is called

• expenses

• donations

• income

• savings

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Which of the following is considered a "need" when budgeting?

• money for eating out
• money for going to the movies
• money to pay for your house
• money for your dog's toys

Tags

CCSS.HSF-LE.A.1B

What is a machine that allows bank customers to deposit or withdraw money without visiting their bank?

• ATM (automated teller machine)
• credit card
• safe deposit box
• coffee can under your bed

What is the current amount of money in your bank account called?

• balance
• debt
• withdrawl
• payment

Tags

CCSS.6.NS.C.5

What is money borrowed that must be repaid, usually with interest?

• loan
• check
• checking account
• savings account

What is an account that usually earns interest and is often used to hold money that is not needed right away?

• savings account
• checking account
• loan
• transaction

Jan babysits for money. She is paid $7 each time. She saves all of the money she makes. If Jan wants to save $35, how many times does she need to babysit?

• 7 times

• 28 times

• 5 times

Tags

CCSS.3.OA.A.3