Financial Literacy

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What is a Withdrawal?

Back

A withdrawal is the act of taking money out of a bank account.

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What is a Budget?

Back

A budget is a plan for how to spend your money before you actually spend it.

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What is Minimum Wage?

Back

Minimum wage is the lowest wage that employers are legally allowed to pay their workers.

Tags

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

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How can money work for you?

Back

Money can work for you by earning interest in a savings account.

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What is a Checking Account?

Back

A checking account is a type of bank account that allows you to withdraw money easily using checks or a debit card.

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What is a Savings Account?

Back

A savings account is a bank account that earns interest on the money deposited.

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What is Interest?

Back

Interest is the money paid to you by the bank for keeping your money in a savings account.

Tags

CCSS.7.RP.A.3

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What is a Deposit?

Back

A deposit is the act of putting money into a bank account.

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What is a Bank Loan?

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A bank loan is money borrowed from a bank that must be paid back with interest.

Tags

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

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What is a Credit Card?

Back

A credit card is a card that allows you to borrow money from a bank to make purchases.