Economic Choices

"Many resources and time can be given to others. By donating these things, you can help others solve community problems."

The word "donating" means...

• resources

• giving

• things

• problems

What do banks and credit unions help people do?

• grow crops

• save money

• buy groceries

• make piggy banks

Which sentence is the best example of spending money on a need?

• Sierra bought a new video game.

• Jason bought two bags of candy.

• Sally bought food to make dinner

• Juan bought a used baseball glove.

Why do people earn money?

• to work

• to go places

• to only buy things they need

• to buy what they need and want

Making a house payment is an example of ____.

• saving money

• donating money

• spending money

• borrowing money

Why do people save money?

• to buy things they want later

• to sell things they don’t need

• to have a big bank account

• to give it away to other people

Saving is putting some __________ aside each time you are paid.

• candy

• energy

• money

• time

A ____ is something you must have to live.

• need

• want

A ____ is something you would like to have but do not need to live.

• need

• want

It is important to understand how to spend, save, and donate money because it explains things people can do with their income.

• true

• false