Financial Literacy Vocabulary

Financial Literacy Vocabulary

Assessment

Flashcard

Mathematics

5th Grade

Easy

CCSS
RI.3.10, L.2.4E, 6.RP.A.3D

+9

Standards-aligned

Created by

Wayground Content

Used 1+ times

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15 questions

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1.

FLASHCARD QUESTION

Front

What is Property Tax?

Back

A portion of the value of items, usually related to real estate, that is paid to the government.

2.

FLASHCARD QUESTION

Front

What is a Debt Card?

Back

An identification card issued by a bank that allows users to immediately use money from a checking account.

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

3.

FLASHCARD QUESTION

Front

What is a Credit Card?

Back

An identification card issued by a bank that allows users to buy items and pay later.

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

4.

FLASHCARD QUESTION

Front

What is a Budget?

Back

An estimate of income and spending for a specific period of time.

5.

FLASHCARD QUESTION

Front

What is Gross Income?

Back

Your total income before taxes are taken out.

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

6.

FLASHCARD QUESTION

Front

What is Net Income?

Back

Your total income after taxes and other deductions are taken out.

7.

FLASHCARD QUESTION

Front

What is Income Tax?

Back

A tax that governments impose on income generated by businesses and individuals.

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