*** 3RD MATH VOCABULARY - Financial Literacy Vocab
Flashcard
•
Mathematics
•
3rd Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is human capital/labor?
Back
Abilities, skills, and education that help make a worker more valuable and productive for a company or organization.
2.
FLASHCARD QUESTION
Front
What is debt?
Back
Something, typically money, that is owed or due.
3.
FLASHCARD QUESTION
Front
What are resources?
Back
Natural or man-made materials used to produce goods and services.
4.
FLASHCARD QUESTION
Front
What does it mean to earn?
Back
To obtain money in return for labor or services.
5.
FLASHCARD QUESTION
Front
What is scarcity?
Back
Something that is hard to find.
6.
FLASHCARD QUESTION
Front
What is a budget?
Back
A plan for how to spend money.
7.
FLASHCARD QUESTION
Front
What is interest?
Back
The cost of borrowing money, usually expressed as a percentage.
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