Lesson 10 TCI

If you save money, you are

• setting it aside for later.

• using it on things you want now.

• inventing new machines.

• buying expensive toys.

Money that you put in a savings account

• can be stolen.

• earns interest.

• is gone forever.

• is put in a piggy bank.

Which of the following is a way that a business can use its money wisely?

• It can use more expensive resources.

• It can buy machines to make goods.

• It can decide not to fix things that are broken.

Why do businesses spend money to invent things?

• to save money for later.

• to put money in the bank.

• to make new and better goods to sell.

What is a budget?

• a plan for how to use money.

• a place where you can save money.

• a list of goods you need to buy.

People can donate some of the money they earn. Donating is

• throwing a party for your friends.

• giving money to someone in need.

• buying something expensive for yourself.

• saving your money by putting it in the bank.

You can save money by

• putting it in a bank.

• fixing something you broke.

• buying something expensive.

• selling something you make.

Which of the following is a reason you should save your money?

• to sell toys and books that you own.

• to have money when something breaks.

• to give away your profits and interest.

You want a bike, but you do not have enough money. How can you get it?

• You can play video games instead.

• You can spend all of your money.

• You can take one from your friend.

• You can save money to buy it later.

What is interest?

• The money you save in a piggy bank.

• The money you make from saving money.

• The money you make when you sell goods.

• The money you lose when you buy things.