Unit 2 Financial Literacy Review Day 3

What is not a basic need?

• entertainment

• housing

• food

• transportation

What term means to buy something that will help money grow?

• buy

• save

• invest

• spend

What is a stock?

• a savings account

• ownership of a home

• part of a company

• money spent on needs

What is interest?

• a fee for borrowing money

• an investment to grow money

• cash used for buying wants

• money obtained through a loan

How long does it take to pay back a house loan?

a) 5-10 years

b) 40-50 years

c) 15-30 years

d) 60-75 years

• 5-10 years

• 15-30 years

• 40-50 years

• 60-75 years

What is a need?

• a birthday cake

• streaming a movie

• new tires for a car

• tickets to a concert

How might an investment in stock be risky?

• The company may fail.

• An ad compaign goes viral.

• Employees enjoy working.

• New products are developed.

How do people make investment choices?

• They use the smallest loan.

• They buy the cheapest house.

• They weigh risks and rewards.

• They choose a popular company.

What is money that is owed to another person?

• debt

• income

• expense

• interest

What is a bad reason to borrow money?

• car

• entertainment

• college

• house