Financial Literacy

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

Tags

CCSS.L.8.5A

What is credit?

• Money allocated to a specific account for future use by the consumer without borrowing
• Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date
• The ability and willingness of an individual to pay back a loan as perceived by the lender
• An individual’s character, capital, capacity, collateral and conditions

What is a bill?

• paper money worth a certain amount

• metal disks used as money

• the amount paid for goods and services based on their value

• money placed into a checking or savings account at a bank

To obtain or use money from a bank or other person in order to purchase goods and services

• deposit

• borrow

• withdrawal

• charity

An occupation or profession chosen as a person's life work

• borrower

• lender

• career

• budget

Giving money or other resources to organizations that help people...

• withdrawal

• deposit

• payment

• charitable giving

An organization that helps people who are poor, ill, or have special needs...

• credit union

• bank

• consumer

• charity

An account at a bank that allows a person to deposit or withdraw money and write checks to pay for goods and services...

• savings account

• checking account

• credit card

The amount paid for goods and services based on their value.

• earnings

• cost

• interest

• credit5

An amount of money that lender or business allows a person to use to purchase goods and services with the promise to pay...

• interest

• credit

• deposit

• withdrawal