
Economics Review
Authored by Darren Spivey
Social Studies
5th Grade
Used 4+ times

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7 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How does a budget help you get things you want?
by spending more
a budget helps us plan ahead and save money for things we want after buying things that we need.
by going to debt
2.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Check all that apply about credit and debt
credit typically comes with a payment plan
credit is a way to borrow money
banks offering credit make money by charging interest
no of the above is true
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is better if your income exceeds your expenses.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What should you include when creating a personal budget?
snacks
all of your income and all of your expenses
only expenses
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Debt is
money owed to someone else
money given to someone in business
money that you withdraw from the bank
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these is not one of the four sectors of our economy?
household
government
schools
business
banking
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How are parents most likely able to provide food for their family?
using natural resources
working and using income to buy it
trading with neighbors for food
growing apples in an orchard
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