Personal Financial Literacy

Personal Financial Literacy

Assessment

Flashcard

Mathematics

4th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a withdrawal?

Back

A withdrawal is when money is taken out of a bank account.

2.

FLASHCARD QUESTION

Front

What is a deposit?

Back

A deposit is when money is added to a bank account.

3.

FLASHCARD QUESTION

Front

What is profit?

Back

Profit is the money earned after all expenses are paid.

4.

FLASHCARD QUESTION

Front

What is interest?

Back

Interest is the extra money that must be paid back to the bank on a loan.

5.

FLASHCARD QUESTION

Front

What are variable expenses?

Back

Variable expenses are costs that can change, like snacks or gas.

6.

FLASHCARD QUESTION

Front

What is a budget?

Back

A budget is a plan for how to spend and save money.

7.

FLASHCARD QUESTION

Front

How do you calculate profit?

Back

Profit = Total Income - Total Expenses.

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