Economics

What is currency?

• A budget

• A system of money

• party planning

• saving money

What is income?

• money earned

• money lost

• money spent

• money saved

Which is an example of saving?

• buying groceries

• paying the water bill

• putting money in the bank

• medical expenses

What is an example of spending?

• getting paid for doing a job

• back to school shopping

• a budget

• things needed to run a barber shop

What is a budget?

• a plan for your income

• saving for college

• paying bills

• buying new shoes

What is economics?

• the study of places on earth

• history

• being a good citizen

• the study of wants and needs

What is an example of a want?

• an ice cream sundae

• groceries

• paying the power bill

• a house payment

Which is NOT an example of a need we have in our classroom?

• games

• pencils

• books to read

• food for lunch