Saving, Spending, and Investing Money

Who invented paper money?

• The Aztec

• Africans

• Chinese

• Native Americans

The process of making coins is called __________.

• minting

• printing

• coining

• none of the above

All of the following EXCEPT __________ are needs

• food

• clothing

• shelter

• candy

Opportunity cost is____________________.

• the scarcity of money

• the thing you decide to keep

• the thing you decide to give up or to not buy

• the thing you decide to buy

Smart consumers___________________.

• use a budget

• keep receipts

• find the lowest price for an item

• All of the above.

When people work and make money, that money is called

• fun money

• income

• theirs to keep

• budget

It's important to spend money on things you need before spending money on things you want.

• True
• False

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.5.2

Which of the following is an example of a want for most people?

• A warm jacket
• Transportation
• Ice cream

Something you make to help you spend or save money wisely

• finance

• budget

• withdrawal

• wants

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Jack wants a new phone, but he needs a new notebook for class.  What should he do?

• Buy the notebook and put away money for the phone.
• Buy the phone and put away money for the notebook.
• Buy the notebook and tell Brennon to buy him the phone.
• Buy the phone and use Brennon's notebook for a while.