Flow of Money

What is the flow of money?

• The way banks pay people

• The movement of air in the atmosphere

• The way money moves from the bank to the store

• The way that money moves from person to person throughout society.

If you are earning interest, that means:

• You are losing money

• You are becoming popular on TikTok

• You have money stuck in your wallet

• You put money into a bank account, and you’re earning money.

When you buy something from the store, sales tax is added to your purchase. Sales tax helps fund

• Banks

• Employees

• Government

• People

Why is it important to have good credit?

• So you can buy things with cash?

• So your parents don't complain

• So that banks trust you to loan you money

• So you have a good flow of money

Wholesale products are more expensive than buying from the store?

• True

• False

When working for a company, employees receive benefits. What are some examples of benefits?

• Health Insurance

• Paid Time Off

• Dental Insurance

• All of the Above

Where do banks get money from for the loans they give out?

• They use their own money

• By borrowing the money from the accounts of people that put money in

• By charging interest to the person applying for the loan

• All the above

What is the purpose of a budget?

• To keep track of your favorite movies

• To plan and control how you spend your money

• To decide what clothes to wear

• To organize your books

What is a loan?

• Money you give to someone as a gift

• Money you borrow from a bank or another person that you must pay back

• Money you find on the street

• Money you earn from a job

Why is it important to save money?

• To spend more on luxury items

• To have funds available for future needs or emergencies

• To lend money to friends

• To pay more taxes