Social studies final exam review

Which definition best matches the term Income:

• a plan about how you're going to spend/ save your money

• money that one makes from their job

• money that a person has to pay back for getting a loan

• trading your money in exchange for goods and services

Which definition best matches the term Investment:

• money that a person has to pay back for getting a loan

• a plan about how you're going to spend/ save your money

• buying something now and paying for it later

• how you make your money grow in order to gain a financial return

What is credit?

• money that a person has to pay back (plus interest) for getting a loan

• a plan about how you're going to spend/ save your money

• the earnings one makes from their job

• how you make your money grow in order to gain a financial return

Which definition best matches the term saving:

• a plan about how you're going to spend/ save your money

• using your credit card instead of paying cash

• money that a person has to pay back for getting a loan

• the money one puts away after buying the things they need and want

Which definition best matches the term  Interest

• a plan about how you're going to spend/ save your money

• money that one makes from their job

• additional money that a person has to pay back for getting a loan

• trading your money in exchange for goods and services

Which definition best matches the term Budget.

• A plan about how your are going to spend / save your money

• Money that one makes from their job

• trading your money in exchange for goods and services

• Money that a person has to pay back for getting a loan

Identify the term as money or credit:

Identify the term as money or credit: Debit card

• Money

• Credit

Identify the term as money or credit

Identify the term as money or credit: Bank Loan

• Money

• credit

Identify the term as money or credit:

Identify the term as money or credit: Check

• Money

• credit

Identify the term as money or credit:

Credit card

• Money

• credit