Wednesday April 26, 2023

Jason checks on his bank account and finds that he has $825. This is more than Jason thought he had, so he decides to take out $120. What is the best description of the money Jason took out of her account?

• Deposit

• Withdrawal

• Spending

• Saving

Suzi has earned $215 by painting houses. She decides to put the money that she earned in a bank account that she will not use for a year. What is the best description of Suz's decision for her money?

• Suzi has decided to give away all of her money that she has earned.

• Suzi used all of her money and does not have any money left.

• Suzi has decided to save her money instead of spending it right away.

• Suzi has decided to spend her money instead of saving it right now.

Which of the choices is an example of responsible borrowing?

• Never returning money that you borrowed from a friend.

• Returning a broken item to the owner.

• Returning money way later than the other person expected.

• Returning a blanket that you borrowed from your friend.

Kate needs to prepare for a family party. She buys the food at the grocery store, drinks at the convenience store, and plates, silverware and cups at a housewares store. What role does Kate play in each of these examples?

• Consumer

• Producer

• Saver

• Borrower

Sam saved his allowance for 3 weeks.

The first week he saved $35.

The second week he saved $5.

The third week he saved $16.

How much money does Sam save after 3 weeks?

• $66

• $57

• $55

• $56

Which choice is a possible cost of lending a friend $7?

• Getting more than $7 from the friend you lent the money to.

• Not having enough money to pay for your lunch.

• Getting your $7 back.

• Helping a friend in need.

This shows the price of each item to make a shirt:

Fabric $8

Thread $2

Buttons $2

What is the total cost to produce one shirt?

• $8

• $10

• $11

• $12

Nadia receives her paycheck from her job. The check goes straight to her bank account for her to use for the things she needs to pay for, like her house, food, and gas. What is the name for the money that goes into her bank account?

• Deposit

• Withdrawal

• Spending

• Borrowing

Which of these is NOT an example of lending?

• I let my friend borrow my pencil for class

• Giving your sister $10 and she gives you the money back the next day

• Spending Money at the store

• Allowing your brother to use your bicycle and he will give it back to you

Ashley uses her sister’s night light for a sleepover. After the sleepover, Ashley returns the light to her sister. Which choice describes Ashley's use of her sister’s night light?

• Lending

• Borrowing

• Withdrawing

• Deposit