Spending and Saving

________ is a promise to pay for something. p. 264

• credit

• credit card

• savings

• loan

A _______ ______ lets the cardholder buy things and pay for them later. p. 264

• interest

• credit card

• savings

• loan

The money a person earns but does not spend is called that person's ________. p. 265

• interest

• bank

• savings

• loan

Identify two ways people can pay for things they want and need. p. 265

• People can pay for things with money only.

• People can pay for things with credit cards only.

• People can pay for things by using money or a credit card.

• People can pay for things with rocks.

A _______ is a business that keeps, exchanges, and lends money to people. p. 266

• interest

• bank

• savings

• loan

_________ is the money a bank gives you for letting it hold your money. p. 266

• interest

• bank

• savings

• loan

The money you put in the bank is called a ________. p. 266

• deposit

• bank

• savings

• loan

What are the three details that support the main idea "A bank is a good place to save money." p. 266

• earn interest, money is safe, helps you save

• earn money, spend money, don't save money

• deposit money, hold money, keep money

• earn interest, earn money, earn savings

When banks lend money, the money is called a _______ p. 267

• deposit

• bank

• savings

• loan

Where do banks get the money they lend to people? p.267

• Banks lend the money that other people are saving.

• From their own bank accounts.

• They get a loan.

• Banks lend the money people earn from interest.