Economic Development, Trade and Money Management Practice

Money is ANYTHING accepted as payment for goods and services.

• True

• False

___________ means the years a person normally should live.

• standard of living

• life expectancy

• people's education

These are the 3 categories for country development:

• Developed, economies in transition, developing

• Developed, everyday economy, not developed

• Developing, not developed, poor economy

These are 2 things that banks do:

• Give you a house and more money

• Steal money and lose your account

• Keep money and give financial services

A budget needs to be less than your expenses.

• True

• False

Honduras belongs to the group of Economies in Transition.

• True

• False

These are the 2 types of trade:

• money and no money

• neighbors and countries

• domestic, international

A budget helps to plan your money ahead of time

• True

• False

These are 2 ways to invest your money:

• Shopping and spending

• Properties and companies

• Giving money away and donating

Before international trade, people had to:

• Grow their food and build their homes

• Die of starvation and live on the ground

• Fly away to find products