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Worksheets3rd Grade Financial Literacy
Total questions: 10
Worksheet time: 42mins
Name
Class
Date
1.
What is the money called that is paid by a borrower to a lender for the use of the lender's money?
a)
Income
b)
Credit
c)
Interest
d)
Purchase
2.
What helps you save money regularly so you can reach your goals?
a)
Human Capital
b)
Credit
c)
Savings Plan
d)
Salary
3.
What is paying for something with money that you borrow and must pay back, usually with interest?
a)
Income
b)
Credit
c)
Interest
d)
Lend
4.
Sawyer is selling bracelets. She pays $2.00 for the beads and $2.50 for the string. She sells her bracelets for $1.00.
How much are her expenses?
How much are her expenses?
a)
$2.00
b)
$2.50
c)
$4.50
d)
$5.50
5.
Which type of postsecondary degree takes about four years to earn attending college full time and is required for professions such as teachers, nurses, and hospital administrators?
a)
Doctoral or Professional Degree
b)
Associate's Degree
c)
Master's Degree
d)
Bachelor's Degree
6.
Interest is:
a)
A charge for lending money to a bank
b)
The amount owed for borrowing money
c)
the amount added into your savings when opening a bank account
d)
a charge for the convenience of accessing money stored in your bank account
7.
Allowing goods and services to be used now with a promise of payment in the future.
a)
credit
b)
bankruptcy
c)
debtor
d)
foreclosure
8.
What is a budget
a)
A plan to manage income and expenses
b)
average monthly income
c)
average yearly income
d)
a plan that poor people need to use
9.
When you owe money it is called:
a)
Expenses
b)
Debt
c)
Assets
d)
Liabilities
10.
What is the value of these coins?
a)
31¢
b)
61¢
c)
70¢
d)
46¢
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