Answer key view. This page will not appear when students print their page.
Answer Key
Grade 5 Social Studies: Financial Literacy — Credit Awareness & Budgeting
1.
a plan for money coming in and going out
2.
money received
3.
money spent
4.
keep money for later needs or goals
5.
borrowing money with a promise to pay it back
6.
money you owe
7.
extra money paid for borrowing (or earned for saving)
8.
helps buy needed items you can’t pay for all at once
9.
Answers vary within $15 total
10.
Credit means borrowing money you promise to pay back.
11.
you repay the amount plus extra
12.
benefit: get item now; risk: debt/hard to repay
Ready to print this page?
Use your browser print dialog. Choose Save as PDF to download a copy.