Financial Literacy Vocabulary
Flashcard
•
Mathematics
•
4th Grade
•
Practice Problem
•
Hard
+8
Standards-aligned
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a loan?
Back
A loan is when money is borrowed and paid back at a later time with interest.
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
2.
FLASHCARD QUESTION
Front
What is a variable expense?
Back
A variable expense is a cost that can change from month to month, such as a trip to the zoo.
3.
FLASHCARD QUESTION
Front
What is a fixed expense?
Back
A fixed expense is a cost that does not change, such as a monthly Netflix bill or health insurance.
4.
FLASHCARD QUESTION
Front
Give an example of a fixed expense.
Back
Examples of fixed expenses include rent, mortgage payments, and insurance premiums.
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
5.
FLASHCARD QUESTION
Front
Give an example of a variable expense.
Back
Examples of variable expenses include groceries, entertainment, and clothing.
6.
FLASHCARD QUESTION
Front
What is the difference between fixed and variable expenses?
Back
Fixed expenses remain the same each month, while variable expenses can fluctuate.
7.
FLASHCARD QUESTION
Front
What is health insurance?
Back
Health insurance is a fixed expense that helps cover medical costs.
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