Trade and MArket

What is currency?

• The money we want.

• The money used in a place.

• The time it take to make money.

• The amount of money in our bank account.

What is the currency in the United States?

• V bucks

• Robucks

• the dollar

• apple ibucks

What does in mean to barter?

• To trade one thing for another thing.

• to steal a thing.

• to make money from selling a thing.

• to bake a thing to eat.

What is inflation?

• Time to cry.

• The rise in the price of goods and services.

• the lowering of the price of goods and services.

• Putting air in a tire.

What is profit?

• The money left over after paying all costs.

• Doing something good and getting money for it.

• Working hard.

• Money used to buy raw materials.

What is income?

• The money I need to save to buy something.

• The money I make when I sell something.

• The profit that is earned over a period of time.

• The money I get to spend on toys.

A person who takes a risk and opens a business is called?

• An entrepreneur

• A businessman

• A buyer

• A seller

Kids can be an entrepreneur.

• True

• False

What is an investor?

• Someone who starts a business.

• Someone who loans money to a business and hopes to make a profit.

• Someone who uses money to make a good or service.

• Someone who takes time to look make sure their ingredients are high quality.

What is supply?

• The amount of products a business has to sell.

• The amount of products that are sold.

• The amount people want to buy.

• The amount the government buys from a business.