Using Money Wisely

Peter saved money in a bank.  The money he saved earned

• interest
• invest

Fixing a broken machine is a wise way a business can

• interest
• invest

Some companies _______in inventions that will help them compete with other companies.

• interest
• invest

Jamie put $20 in her savings account, but now she has $21.  This is because of

• interest
• invest

If you save money, you are

• setting it aside for later
• using it on things you want now
• inventing new machines
• buying expensive toys

Money that you put in a savings account

• can be stolen
• earns interest
• is gone forever
• is put in a piggy bank

Which of the following is a way that a business can use its money wisely?

• it can use more expensive resources
• it can buy machines to make goods
• It can decide not to fix things that are broken
• all of the above

Why do businesses spend money to invent things?

• to save money for later
• to put money in the bank
• to help fix broken down machines
• to make new and better goods to sell

What is a budget?

• a plan for how to use money
• a place where you can save money
• a list of goods you need to buy
• a type of work that warns you money

People can donate some of the money they earn.  Donating is

• throwing a party for your friends
• giving money to someone in need
• buying something expensive for yourself
• saving your money by putting it in the bank