Weekly 25- Economic Choices

Why do people earn money according to the text?

• To go on vacation

• To buy things they need and want

• To save it all for retirement

• To invest in the stock market

What is one of the things people spend money on for their health?

• Gym memberships

• Doctor's visits

• Vitamins

• Health insurance

According to the text, what can people buy after meeting their needs?

• More needs

• Things they want

• Gifts for others

• Business supplies

What is the main purpose of banks and credit unions according to the text?

• To lend money to people for buying expensive things.

• To help people set up a loan and keep their money safe.

• To provide loans for purchasing a car only.

• To save money at home in a piggy bank.

What do you agree to when you take out a loan?

• To pay the money back over a certain amount of time without interest.

• To pay the money back immediately.

• To pay the money back over a certain amount of time with interest.

• To never pay the money back.

What is the term used for the money you owe when you have borrowed it?

• Savings

• Donation

• Debt

• Credit

Why do many people choose to save money?

• To spend it immediately on small purchases.

• To buy things later, such as a car or a house.

• Because they have to pay interest on savings.

• To lend it to others.

What is donating according to the text?

• Borrowing money from others.

• Saving money for personal use.

• Giving part of what you have to others.

• Setting up a savings account at a bank.

Which sentence is the best example of spending money on a need?

• Sierra bought a new video game.

• Jason bought two bags of candy.

• Sally bought food to make dinner.

• Juan bought a used baseball glove.

_____________ money is purchasing something to satisfy a want or need.

• Donating

• Earning

• Saving

• Spending