VS 4 STUDY GUIDE PART 2

Front

What is credit?

Back

receiving goods now and paying for them at a later time

Front

What is savings?

Back

earning money and not spending it but use it until you have enough money

Front

A teacher tutors a child after school and the family gives the teacher vegetables from their garden. This is an example of what?

Back

none of these

Front

Billy wants to buy a new pair of Nike shoes. He earns money for his chores and places it in his piggy bank until later when he has enough money to buy his shoes. This is an example of what?

Back

savings

Front

Mom goes to the local store at the beginning of the school year to get school supplies but will go back and pay the store when she gets paid next month. This is an example of what?

Back

credit

Front

Trading pots for fur is an example of what?

Back

Bartering

Front

In early colonial Virginia, there was very little paper money or coins; so how did the storekeepers get their payment?

Back

offered credit to the settlers for goods

Front

What were the houses like in colonial Virginia?

Back

dirt floors with only one room

Front

What was limited in colonial Virginia that is not limited in South Hill, Va today?

Back

food choices

Front

Which Virginia state capital was located closest to the Atlantic Ocean? Options: Yorktown, Jamestown, Virginia Beach, none of these

Back

Jamestown