ENGLISH EVALUATION-JANUARY - 3rd BGU

CHOOSE AND COMPLETE

-  Kerry wants to save money. She tries to buy only ________________ when she goes shopping.​ ​

• Luxuries.
• Supplies.
• Requirements.
• Necessities

- Because I'm a student, I can't _________________ to eat in expensive restaurants.

• earn

• afford
• spend

• support

- Ted spends too much money on movies and other kinds of _______________.

• electronics

• entertainment
• groceries

• tuition

CHOOSE THE CORRECT OPTION

What is the term for the money available for spending?

• debt

• budget

• savings

• investment

If you are buying groceries at the store and want to use the money in your bank account, you should pay with ______

• Cash

• Gift card

• Debit card

• Credit card

The company is following a (n) _______________. We can't spend any more money on this.

• Expense

• Loan

• Budget

• Debt

The money that you receive for mowing the lawn, babysitting or getting an allowance is called__________.

• Income

• Credit

• Debt

• Interest

Which of the following is NOT true about the difference between credit cards and debit cards?

• Purchases made with a debit card come directly out of your bank account

• You must pay off your credit card bill monthly or there will be penalties

• You must have a bank/checking account to use a debit card

• Credit cards use money from your savings account

CHOOSE THE CORRECT OPTION.

Fees for school...

• Paid vacations at school

• Any money you receive

• Money from work

• Tuition

     While credit cards are popular now, they didn't exist 100 years ago. They began in the US in the 1920s. At first, they were only used by car owners to purchase fuel. Then stores started to use them too. Store credit cards were called Charga-Plates. When a customer bought something, the store would record the card's information and the amount of the purchase. Then the customer could wait to pay the store later. The only problem was you couldn't use the same card at every place. In 1950, Frank McNamara founded the first credit card company, the Diners Club. Many different restaurants, hotels, and stores accepted the Diners Club card, and cardholders only had to pay off their purchases once a month. During the next 20 years, banks all over America started copying Frank McNamara's idea. Today many businesses around the world accept them. What a convenient way to shop!

-What do we know for certain about the history of credit cards? _______________.     

• Diners Club members paid their card bills monthly.

• People loved using credit cards a long time ago.

• Car owners often used credit cards on business trips.

• Frank McNamara started using credit cards in the 1920s.