Financial Literacy CBA Review

Interest

• payment made for the use of borrowed money
• show attention
•  financial plan of revenue and expendtitures
• total amount of money owed

Tags

CCSS.7.RP.A.3

debt

• total amount of money owed
• short term US government IOU for a period of years.
• a payment card issued to users as a method of payment
• payment made for the use of borrowed money

Card that allows you to buy goods & services that you will pay for later

• Debit Card

• Expense

• Checking Account

• Credit Card

If you use a credit card,

• You may have to pay interest in addition to purchase price

• You can make purchases you do not have the money for.

• You never have to pay back the money.

• You have to pay back the money you spend.

A monthly payment for services or products.

• financial literacy

• wage

• bill

• codes

If your hourly wage is $10, how much do you make in a 40 hour week?

• $200

• $400

• $40

• $100

Tags

CCSS.3.OA.A.3

Financial literacy means that you know how to handle __________ responsibly.

• money

• time

• energy

• food

Tags

CCSS.RI.4.7

CCSS.RI.5.7

CCSS.RL.5.7

CCSS.RL.6.7

CCSS.RL.4.7

income

• money that you earn

• money that you spend

• money that you save

Expenses

• having a lot of money

• something you spend money on

• when it costs a lot of money

Tags

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.RL.4.4

CCSS.RL.5.1

CCSS.RL.5.4

Money added to a bank account

• savings account

• checking account

• deposit

• withdrawal