Financial Literacy Quizs

Produce

• to manufacture or create goods or provide services

• to consume or use up resources

• to distribute or sell products

• to design or plan new items

Deposit

• Money put into a bank account.

• A type of loan from the bank.

• A withdrawal of funds from an account.

• A fee charged by the bank for services.

Saving

• placing money in a safe place for future use

• spending money on immediate needs

• investing in high-risk stocks

• borrowing money for purchases

Tags

TEKS.MATH.3.9E

Borrowing

• Taking money or goods and promising to pay it back or give it back later.

• Receiving a gift without any obligation to return it.

• Selling goods for immediate cash without any future commitment.

• Taking a loan without any interest or repayment terms.

Tags

TEKS.MATH.3.9D

Withdrawal

• money taken out of a bank account

• a deposit made into a bank account

• a type of bank loan

• a fee charged by the bank

Spending

• using money to buy goods or services

• saving money for future use

• investing in stocks and bonds

• donating money to charity

Tags

TEKS.MATH.3.9C

TEKS.MATH.3.9F

Lending

• Giving money or goods to someone who promises to pay you back or return the goods later.

• A process of borrowing money without any obligation to return it.

• A method of investing money in stocks and bonds.

• The act of donating money or goods without expecting anything in return.

Tags

TEKS.MATH.3.9D

Balance

• The total amount of money in a bank account after a deposit or withdrawal is made.

• The difference between income and expenses in a financial statement.

• The amount of money a bank charges for maintaining an account.

• The total value of assets owned by an individual or organization.

Interest earned

• Money received for saving money in a bank account.

• A fee charged by the bank for account maintenance.

• The amount paid to borrow money from a lender.

• A bonus given for opening a new bank account.

Tags

TEKS.MATH.3.9E

TEKS.MATH.3.9F

Producers

• People who make goods or provide services.

• Individuals who consume products.

• Organizations that regulate markets.

• Entities that distribute resources.