Weekly 25- Economic Choices
Flashcard
•
Social Studies
•
3rd Grade
•
Practice Problem
•
Easy
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Used 2+ times
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10 questions
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1.
FLASHCARD QUESTION
Front
Why do people earn money according to the text?
Back
To buy things they need and want
2.
FLASHCARD QUESTION
Front
What is one of the things people spend money on for their health?
Back
Doctor's visits
3.
FLASHCARD QUESTION
Front
According to the text, what can people buy after meeting their needs?
Back
Things they want
4.
FLASHCARD QUESTION
Front
What is the main purpose of banks and credit unions according to the text?
Back
To help people set up a loan and keep their money safe.
5.
FLASHCARD QUESTION
Front
What do you agree to when you take out a loan?
Back
To pay the money back over a certain amount of time with interest.
6.
FLASHCARD QUESTION
Front
What is the term used for the money you owe when you have borrowed it?
Back
Debt
7.
FLASHCARD QUESTION
Front
Why do many people choose to save money?
Back
To buy things later, such as a car or a house.
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