Unit 2 Financial Literacy Review Day 2

What is borrowed money called?

• account

• lender

• interest

• loan

What is the cost of borrowing money called?

• loan

• lender

• interest

• account

Where do banks get money to loan?

• from businesses

• from their customers

• from other banks

• from the government

What is a fee for using a property called?

• debt

• loan

• interest

• rent

What is not an example in the article of property that can be rented?

• cars

• pets

• housing

• tools

What is the name for a person who buys property to rent?

• banker

• entrepreneur

• borrower

• renter

What is the government’s main economic role?

• to create jobs

• to make goods

• to make money

• to provide services

What is a public service?

• cars

• education

• clothes

• groceries

What is not a private enterprise?

• a store

• a gas station

• a resturant

• a public school

What type of tax is on what people buy?

• federal tax

• state tax

• sales tax

• unemployment tax