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4th Grade Financial Literacy
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Avg score: 33% Most missed: “The cost for something; the money spent on something”
4th Grade Financial Literacy
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25 Questions

1. An account, similar to checking account, that earns interest for the owner; deposits may be added at any time, but penalties may be assessed for frequent withdrawals

2. A favorable or desirable feature, a benefit

3. Done, produced, or occurring once a year

4. Get something by paying for it

5. the least amount possible or allowed in a given situation

6. When someone borrows money that is expected to be paid back in full plus interest. (similar to borrow or lend)

7. Determine (the amount or number of something) mathematically

8. A non-profit financial institution that is owned by its members

9. another word for money

10. A container for saving money to hold a person's savings without gaining interest

11. the most amount possible or allowed in a given situation

12. The amount paid for goods and services -or- The amount paid by a business before they can earn a profit

13. To obtain or use money from a bank or person in order to purchase goods or services - (similar to lend and loan)

14. A fixed amount of money paid monthly by an employer to an employee

15. A cost that may change from month to month that can be easily adjusted to balance a budget, such as the amount of money spent for restaurant meals or movie tickets

16. A cost that is the same each month and that cannot be easily adjusted to balance a budget, such as a car payment or rent

17. Done in the same way over time, unchanging

18. Recognize as different

19. An account at a bank that allows a person to deposit or withdraw money and write checks to pay for goods and services. GAINS NO INTEREST!

20. A savings certificate that is issued by a bank or other financial institution in exchange for depositing money for a specific amount of time; it earns a higher interest than a regular savings account, but a penalty is charged if money is withdrawn early

21. The cost for something; the money spent on something

22. The freedom, power, or right to choose something

23. To allow someone to use something, such as money or property, for a period of time with the understanding that it will be returned, often with interest. (similar to borrow and loan)

24. money paid by a borrower in exchange for using a lender's money

25. Distribute resources for a particular purpose