{
 "source": "https://peabody.kids/flashcards/money-and-banking-basics",
 "id": "money-and-banking-basics",
 "title": "Money and Banking Basics",
 "category": "social-studies",
 "subject": "Economics",
 "levels": [
  "3-5",
  "6-8"
 ],
 "description": "What money is, US coins and bills, saving, banks and borrowing.",
 "tags": [
  "money",
  "banking",
  "saving",
  "coins"
 ],
 "frontLabel": "Term",
 "backLabel": "Meaning",
 "cards": [
  [
   "Money",
   "Something people accept in trade for goods and services"
  ],
  [
   "Barter",
   "Trading goods without using money"
  ],
  [
   "Three uses of money",
   "A way to pay, a way to measure value and a way to save"
  ],
  [
   "Currency",
   "The paper bills and coins used in a country"
  ],
  [
   "Penny",
   "A coin worth 1 cent"
  ],
  [
   "Nickel",
   "A coin worth 5 cents"
  ],
  [
   "Dime",
   "A coin worth 10 cents"
  ],
  [
   "Quarter",
   "A coin worth 25 cents"
  ],
  [
   "Half dollar",
   "A coin worth 50 cents"
  ],
  [
   "Dollar coin",
   "A coin worth 100 cents"
  ],
  [
   "How many cents in a dollar?",
   "One hundred"
  ],
  [
   "How many nickels make a quarter?",
   "Five"
  ],
  [
   "How many dimes make a dollar?",
   "Ten"
  ],
  [
   "How many quarters make a dollar?",
   "Four"
  ],
  [
   "How many pennies make a dime?",
   "Ten"
  ],
  [
   "Whose picture is on a penny?",
   "Abraham Lincoln"
  ],
  [
   "Whose picture is on a nickel?",
   "Thomas Jefferson"
  ],
  [
   "Whose picture is on a dime?",
   "Franklin D. Roosevelt"
  ],
  [
   "Whose picture is on a quarter?",
   "George Washington"
  ],
  [
   "Whose picture is on the $1 bill?",
   "George Washington"
  ],
  [
   "Whose picture is on the $5 bill?",
   "Abraham Lincoln"
  ],
  [
   "Whose picture is on the $10 bill?",
   "Alexander Hamilton"
  ],
  [
   "Whose picture is on the $20 bill?",
   "Andrew Jackson"
  ],
  [
   "Whose picture is on the $50 bill?",
   "Ulysses S. Grant"
  ],
  [
   "Whose picture is on the $100 bill?",
   "Benjamin Franklin"
  ],
  [
   "US Mint",
   "Government agency that makes coins"
  ],
  [
   "Bureau of Engraving and Printing",
   "Government agency that prints paper bills"
  ],
  [
   "Federal Reserve",
   "The central bank of the United States"
  ],
  [
   "Counterfeit",
   "Fake money"
  ],
  [
   "Earning",
   "Receiving money for work"
  ],
  [
   "Allowance",
   "Money given regularly to a child"
  ],
  [
   "Saving",
   "Keeping money to use later"
  ],
  [
   "Spending",
   "Using money to buy something"
  ],
  [
   "Giving",
   "Donating money to help others"
  ],
  [
   "Budget",
   "A plan for how to use money"
  ],
  [
   "Piggy bank",
   "A container where children save coins"
  ],
  [
   "Goal",
   "Something you want to work toward, like saving for a toy"
  ],
  [
   "Bank",
   "A business that keeps money safe and makes loans"
  ],
  [
   "Credit union",
   "A member-owned bank-like organization"
  ],
  [
   "Savings account",
   "Bank account that earns interest"
  ],
  [
   "Checking account",
   "Bank account used to pay bills and spend money"
  ],
  [
   "Deposit",
   "Putting money into an account"
  ],
  [
   "Withdrawal",
   "Taking money out of an account"
  ],
  [
   "Balance",
   "The amount of money in an account"
  ],
  [
   "Interest",
   "Money the bank pays you for saving, or you pay for borrowing"
  ],
  [
   "Compound interest",
   "Earning interest on both your money and past interest"
  ],
  [
   "ATM",
   "Machine where you can withdraw cash or make deposits"
  ],
  [
   "Debit card",
   "Card that takes money directly from your account"
  ],
  [
   "Credit card",
   "Card that lets you borrow money to pay later"
  ],
  [
   "Loan",
   "Money borrowed that must be paid back"
  ],
  [
   "Debt",
   "Money you owe"
  ],
  [
   "Mortgage",
   "Loan to buy a home"
  ],
  [
   "Credit score",
   "A number that shows how well you repay debts"
  ],
  [
   "Insurance",
   "Protection where you pay a fee to be covered for big losses"
  ],
  [
   "FDIC",
   "Government program that insures bank deposits"
  ],
  [
   "Tax",
   "Money paid to the government"
  ],
  [
   "Sales tax",
   "Extra money added when you buy things"
  ],
  [
   "Income tax",
   "Tax on what you earn"
  ],
  [
   "Paycheck",
   "Payment for work"
  ],
  [
   "Gross pay",
   "Pay before taxes are taken out"
  ],
  [
   "Net pay",
   "Pay after taxes and other deductions"
  ],
  [
   "Profit",
   "Money left after costs are paid"
  ],
  [
   "Price",
   "How much something costs"
  ],
  [
   "Sale",
   "A lower price for a limited time"
  ],
  [
   "Coupon",
   "A voucher that gives a discount"
  ],
  [
   "Compare prices",
   "Check different stores to find a better deal"
  ],
  [
   "Unit price",
   "Cost per ounce, pound or item to compare products"
  ],
  [
   "Entrepreneur",
   "Person who starts a business"
  ],
  [
   "Lemonade stand",
   "A common first business for kids"
  ],
  [
   "Donation",
   "A gift to help a cause"
  ],
  [
   "Charity",
   "Organization that helps people in need"
  ],
  [
   "Stock",
   "A small piece of ownership in a company"
  ],
  [
   "Cryptocurrency",
   "Digital money that uses computer code; its value can change a lot"
  ],
  [
   "Dollar sign",
   "The symbol $ for dollars"
  ],
  [
   "Cent sign",
   "The symbol ¢ for cents"
  ],
  [
   "Change",
   "Money given back when you pay more than the price"
  ]
 ]
}