Borrowing, saving, and investing

What is the act of taking money from a financial institution and paying it back later?

• Investing

• Saving

• Lending

• Borrowing

What is saving?

• Buying a financial product or asset to earn more money.

• Putting money to the side to spend it later.

• Recieving money from a financial institution and paying it back later.

How can you get money?

• Borrowing

• Saving

• Investing

• All of the above

Which type of financial institution focuses on lending money for buying property like houses, and building.

• Overdraft

• Mortgage lenders

• Student loans

• Bank loans

Sarah wanted to start her own business, but she didn't have enough money to set it up, so she took a loan from the bank. What is this act called

• Investing

• Saving

• Borrowing

Borrowing is the act of putting money to the side for the future.

• False

• True