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Economics Definitions
Quiz
•
Social Studies
•
5th - 7th Grade
•
Practice Problem
•
Hard
Scott DuBois
Used 93+ times
FREE Resource
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17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Related to money, this is the money that you make.
Income
Expense
Credit
Save
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Related to money, this is the money that you spend.
Income
Expenses
Credit
Spend
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something you do with money you’ve earned. The goal is to have more money in the future than you do now.
Save
Invest
Spend
Borrow
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something you do with money you’ve earned. The goal is to have the same amount of money in the future as you do now.
Save
Spend
Invest
Interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Something you do with money you’ve earned. The goal is to trade having less money in the future in exchange for having something (stuff, services, etc) now.
Save
Spend
Invest
Borrow
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Related to budgets, this means that you have the same level of income as you have expenses.
Balanced
Surplus
Deficit
Debit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Related to budgets, this means that you have more income than you have expenses.
Surplus
Deficit
Balanced
Borrow
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