Intermediate · 4-7 · Career Education

Money & Financial Literacy Basics

40 practice questions available.

What is a plan for how you will spend and save your money called?

A budget

What do we call money you set aside now to use later?

Savings

What is it called when you earn a small amount extra on money kept in a savings account?

Interest

What do we call something you must have to live, like food or shelter?

A need

What do we call something you would like to have but don't need to survive, like a video game?

A want

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