Financial Literacy
Flashcard
•
Mathematics
•
6th - 7th Grade
•
Hard
+19
Standards-aligned
Wayground Content
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a transaction?
Back
A transaction is an action of depositing or withdrawing money from a financial account.
2.
FLASHCARD QUESTION
Front
What is a debit card?
Back
A debit card is a plastic payment card linked to a financial account, used for transactions.
3.
FLASHCARD QUESTION
Front
What does it mean to deposit money?
Back
To deposit money means to put money into a bank account.
Tags
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
CCSS.RI.8.4
4.
FLASHCARD QUESTION
Front
What is a bank balance?
Back
A bank balance is the amount of money available in a bank account at a given time.
Tags
CCSS.6.NS.C.5
5.
FLASHCARD QUESTION
Front
What is the purpose of a checking account?
Back
A checking account is used for everyday transactions, allowing deposits and withdrawals.
6.
FLASHCARD QUESTION
Front
What is the difference between a debit card and a credit card?
Back
A debit card withdraws money directly from your bank account, while a credit card allows you to borrow money up to a certain limit.
Tags
CCSS.RI.5.5
CCSS.RI.6.3
CCSS.RI.6.5
CCSS.RI.7.3
CCSS.RI.7.5
7.
FLASHCARD QUESTION
Front
What is interest?
Back
Interest is the cost of borrowing money or the earnings from saving money, usually expressed as a percentage.
Tags
CCSS.7.RP.A.3
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