Personal Financial Literacy
Flashcard
•
Mathematics
•
4th Grade
•
Practice Problem
•
Medium
Wayground Content
Used 2+ times
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a loan?
Back
Money borrowed based on certain conditions, usually paid back with interest.
2.
FLASHCARD QUESTION
Front
What does saving mean?
Back
Money kept safe in an account at a financial institution from current income to buy something in the future.
3.
FLASHCARD QUESTION
Front
What is a piggy bank?
Back
A place where money is saved and only you know about.
4.
FLASHCARD QUESTION
Front
What is profit?
Back
The amount of money left after subtracting taxes and expenses from income.
5.
FLASHCARD QUESTION
Front
What are variable expenses?
Back
Expenses that do not occur on a regular basis or do not stay the same.
6.
FLASHCARD QUESTION
Front
What is a fixed expense?
Back
An expense that occurs regularly and stays the same, like rent or a subscription.
7.
FLASHCARD QUESTION
Front
What is a financial institution?
Back
An organization that provides financial services, such as banks and credit unions.
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