Economics- Saving, Spending, and Investing

Who invented paper money?

• Aztecs

• Native Americans

• Chinese

• Africans

The process of making coins is called

• minting

• making

• printing

• coining

All of the following are GOODS except

• food

• hair cut

• skate board

• soda

All of the following are NEEDS except

• air

• food

• shelter

• Dr. Pepper

Opportunity cost is

• the scarcity of money

• the things that you decide to keep

• what you give up in order to get something else

• I really don't know what it is

Smart consumers

• use a budget

• keep their receipts

• find the lowest prices for an item

• all of the above

When people work and make money, that money is called

• fun money

• income

• theirs to keep

• budget

What is bartering?

• Making equal trades for items

• Giving away items for free

• Taking items for free

• I don't know because I didn't watch the video

Why are banks important?

• They help people manage their money

• The help people earn interest on their money

• They help people invest their money

• All of the above

What is an ATM machine?

• A Town Machine

• Aluminum Trick Machine

• Automated Teller Machine

• Automated Time Machine