Financial Literacy
What do you call a fee received for the use of money?
interest
The word for the place where people live, work, trade, and share?
community
What are the three types of resources used to produce
goods and services?
human, natural and capital
Theo doesn’t really like playing the guitar, but
everyone knows he has developed an ability for it.
What’s another word for his ability?
What is skill?
What do you call the money that’s left over after
a business pays its costs?
What is profit?
Before Simon deposits
his paycheck at the bank,
he must do what on the back of the check?
endorse it
Elijah enjoys his right
to use public goods and services.
What is the responsibility that goes with
that right?
pay taxes
Where do people and businesses come together to
buy and sell goods, services, and resources?
markets
Which of the four career types is missing from the
following list: People, Things, Ideas,....?
What is Data?
Rochelle sells lemonade at
her neighborhood lemonade
stand. Does she sell a good or a service?
What is good?
Liam deposited $5.00 in
the bank. He then wrote
a check for $4.00. Where should he record these
transactions?
money tracker
Before Sally can vote, she must do what?
register (to vote)
Which concept tells us that people can’t have everything that they want?
scarcity
Teresa is skilled at knowing how to act as an employee She dresses appropriately, treats customers nicely, andis punctual. What are these important skills called?
What is soft skills?
Businesses need customers. What do they do to promote their products to customers?
What is advertise?
Where does the money
get deducted from when
you make a purchase with a debit card?
checking account (or a bank account)
What are the three T’s of philanthropy?
Time, Treasure, and Talent
Someone who is an innovator, recognizes opportunities, and organizes resources to make a product is known as an...?
entrepreneur
What is the term for the amount an employee earns
before taxes are deducted?
What is gross pay?
What do you call the expenses for rent, utilities, supplies, advertising, and equipment for a business?
What are operating costs?
Shane wants cash back from his deposit. What must
he do on his deposit ticket that is different from when
he doesn’t want cash back?
write his signature on his deposit slip
What’s the term for things owned by all people for everyone’s use, for example,
a city park?
public goods and services
What is the freedom that
Tom enjoys when he buys
a new tractor to use on his farm?
freedom to own property (OR freedom to buy goods and services)
When applicants seek a job, what should they write to
spark an employer’s interest?
What is a resume?
When a business takes out a loan at a bank and
promises to repay the loan, what must it sign?
What is a promissory note?