Understanding Money and Spending Choices

Understanding Money and Spending Choices

Assessment

Flashcard

Mathematics

3rd Grade

Easy

Created by

Wayground Content

Used 1+ times

FREE Resource

Student preview

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15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is money?

Back

Money is a medium of exchange that people use to buy goods and services.

2.

FLASHCARD QUESTION

Front

Why is saving money important?

Back

Saving money helps you prepare for future expenses and emergencies.

3.

FLASHCARD QUESTION

Front

What is a budget?

Back

A budget is a plan that helps you manage your money by tracking income and expenses.

4.

FLASHCARD QUESTION

Front

What does it mean to spend money?

Back

Spending money means using your money to buy things you want or need.

5.

FLASHCARD QUESTION

Front

What is a savings account?

Back

A savings account is a bank account where you can save money and earn interest.

6.

FLASHCARD QUESTION

Front

What is credit?

Back

Credit is borrowing money to buy something now and paying it back later.

7.

FLASHCARD QUESTION

Front

Why do people use credit cards?

Back

People use credit cards to make purchases when they don't have enough cash on hand.

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