Financial Literacy

Credit is...

• money paid for borrowing money or making purchases on credit

• buying or obtaining goods or services now with an agreement to pay in the future

• abilities, skills, and education that helps to make a worker more valuable and more productive for the company or organization

• None of the above

a fee paid for using money that is loaned

• deposit

• services

• interest

to keep money instead of spending it

• spend

• save

• goods

to use money to pay for things you want or need

• save

• spend

• producer

Which of the following includes the knowledge, skills, education and talent people bring to work?

• financial capital
• natural capital
• human capital
• natural resources

Lydia is a babysitter.  Which of the following ways can she increase her human capital?

• babysit only one child at a time
• charge a higher price for her babysitting
• purchase toys she can use while she babysits
• attend a class to improve her babysitting skills

Which is not an example of charitable giving?

• Donating money

• Volunteering time

• Going to work

• Giving toys to kids in need at Christmas

Is an XBOX a WANT or NEED?

• Want

• Need

Is WATER a WANT or NEED?

• Want

• Need

What is a similarity between debit and credit cards?

• Both are small and made of plastic.
• Both require you to use a PIN #
• Both are paid when the bill arrives.
• Both charge interest fees on unpaid balances.