Financial Literacy

What is an allowance?

• Money saved for the future

• An amount of money regularly given for personal expenses

• A cost that stays the same every month

• A cost that changes every month

Tags

CCSS.RI.3.5

CCSS.RI.4.3

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

What does a financial institution (such as banks, credit unions, insurance companies, and investment companies) do?

• Changes the cost of goods every week

• Makes a profit after all expenses

• Keeps money safe and loans money to people

• Sets aside money for future spending

What is a fixed expense?

• Money set aside for future use

• A cost that stays the same every month

• A cost that varies from month to month

• An amount of money given regularly

What is profit?

• A company that loans money

• An amount of money for personal use

• Money made after all expenses are paid

• A cost of goods that changes amount

What is a variable expense?

• A cost of goods or services that changes in amount

• A cost that stays the same every month

• An amount of money given for personal expenses

• Money saved for the future

What is in a savings account?

• a cost of goods or services that changes in amount from week to week or month to month

• money that is made after all expenses are paid

• a cost of goods or services that is paid regularly

• money set aside for future spending

When you make a _________, you are putting money INTO a bank account.

• Withdrawal

• Borrow

• Deposit

• Spend

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Avery sees that Tom doesn't have a pencil to write with. She decided to _______ Tom one of her pencils.

• lend

• borrow

• deposit

• consumer

Tags

CCSS.L.5.5C

Alyssa wants to take her dog to the groomer but it will cost her $75. She goes to the bank to ___________ $75.

• save

• deposit

• producer

• withdraw

Tags

CCSS.L.5.5C

Ali uses $50 from his piggy bank to pay for a new bike. This is an example of_______.

• Saving

• Spending

• Lending

• Borrowing