US Economic Quiz

What is money used for in the United States?

• To play games

• To buy goods and services

• For decoration

• To make clothes

What do we call a person who buys goods and services?

• Seller

• Consumer

• Producer

• Banker

What is a job?

• A task you do for fun

• Work people do to earn money

• Homework from school

• Playing video games

Why do people save money?

• To buy toys

• To spend it all in one day

• For future needs or wants

• Because they like to count it

What is a bank?

• A place to play

• A place to swim

• A place to save money

• A place to buy food

What does it mean to earn money?

• To find it on the ground

• To receive money in exchange for work

• To borrow it from a friend

• To print it at home

What is a budget?

• A type of bird

• A plan for spending and saving money

• A new video game

• A kind of food

Why do people trade?

• To get something they want or need

• To lose money

• For fun only

• To make friends

What is a service?

• A type of food

• A game people play

• Work done for others as a job

• A new movie

Why is it important to make good choices with money?

• To have the most toys

• To ensure you can meet your needs and some wants

• To impress friends

• To be able to eat candy every day