Personal Financial Literacy
Flashcard
•
Mathematics
•
4th Grade
•
Hard
Wayground Content
FREE Resource
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15 questions
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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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