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Financial Literacy Vocabulary

Authored by Ashley Dacus

Mathematics

KG - 5th Grade

CCSS covered

Used 1+ times

Financial Literacy Vocabulary
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28 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a plan to regularly put aside money for a specific purpose

expense
savings plan
human capital
supply

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

a bank account that allows for a customer to deposit and withdraw money and earn interest from the bank

savings account
needs
wants
scarcity

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a requirement; something necessary for life, such as food, water, shelter, and clothing

opportunity cost
wants
scarcity
needs

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

30 sec • 1 pt

goods or services that a person may desire, but that are not essential for life, such as toys, games, or candy

opportunity cost
wants
scarcity
needs

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

items produced for sale

wants
goods
services
needs

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

activities performed by people or businesses that satisfy other people’s needs/wants

needs
goods
services
wants

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

to use money or other resources to pay for goods or services

spend
save
earn
wage

Tags

CCSS.RI.3.4

CCSS.RI.4.4

CCSS.W.4.2D

CCSS.W.5.2D

CCSS.L.4.6

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