Economics Vocabulary Practice
Authored by Shaina Flowers
Social Studies
5th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Guideline to use to pay bills and save money
budget
spend
payment plan
savings account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount of money owed to people for labor or service
Deposit
Interest
Income
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money or Income put into an account (savings or checking)
Deposit
Interest
Income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The money you make on your money in a savings account
Deposit
Interest
Income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things you must have in order to live
Goods
Services
Wants
Needs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things people get but do not have to have
in order to live
Goods
Services
Wants
Needs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Items people purchase: Ex:clothes, food, book
Goods
Services
Wants
Needs
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