Saving and Spending Review

Why is it important for adults to save money?

• to get a haircut

• to elect government leaders

• to help get a job

• in case of emergencies

When this lady pays the clerk for her purchase she is representing which role?

• Worker

• Producer

• Consumer

• Seller

This man is working in a factory. What is he doing?

• Consuming a product.

• Buying a product.

• Selling a product.

• Producing a product.

When an adult gets a paycheck, what is the first thing they should spend their money on?

• a vacation

• a new cell phone

• new television

• groceries

What is a plan for spending and saving money called?

• consumers

• budget

• income

• needs

What could he do with the money he makes from building things?

• Buy goods

• Buy services

• Buy goods and services

• Make goods and services

Which is an example of how people earn income?

• mowing lawns

• buying ice cream

• using cell phones

• exercising at a gym

This student is making cupcakes for a bake sale at school. Which word best describes the student?

• consumer

• product

• producer

• natural resource

Which of the following is an example of a service a producer provides?

• a mechanic working on your car

• an author selling a book

• a farmer selling corn

• an artist selling a painting

What is income?

• money spent at the store

• money someone earns from working

• credit cards

• charitable organizations