Understanding Resources and Income

What is the term used to describe the money people earn from working or investments?

• Capital resource

• Income

• Deposit

• Loan

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DOK Level 1: Recall

Which of the following is an example of a human resource?

• A factory building

• A computer

• A teacher

• A bank

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DOK Level 1: Recall

What is the term for the money a person receives for their labor or services?

• Profit

• Wages

• Interest

• Capital resource

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DOK Level 1: Recall

Which of the following best describes a capital resource?

• A bank account

• A machine used in a factory

• A worker's skills

• A loan

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DOK Level 1: Recall

If you put money into a bank account, what is this action called?

• Withdraw

• Deposit

• Loan

• Interest

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DOK Level 1: Recall

How does a bank use the money you deposit?

• It keeps it in a safe and never uses it.

• It uses it to pay its employees.

• It lends it to others and earns interest.

• It gives it away to charity.

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DOK Level 2: Skill/Concept

What is the difference between a deposit and a withdrawal in banking terms?

• A deposit is taking money out, and a withdrawal is putting money in.

• A deposit is putting money in, and a withdrawal is taking money out.

• Both are the same.

• Neither involves money.

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DOK Level 2: Skill/Concept

Why might a business seek a loan from a bank?

• To decrease its profits

• To pay its employees less

• To expand its operations or buy new equipment

• To close down the business

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DOK Level 2: Skill/Concept

What is the main purpose of earning a profit in a business?

• To pay more taxes

• To cover the costs of running the business and earn extra money

• To lose money

• To give away all products for free

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DOK Level 2: Skill/Concept

How does interest benefit someone who deposits money in a bank?

• It decreases the amount of money they have.

• It increases the amount of money they have over time.

• It has no effect on their money.

• It makes them lose money.

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DOK Level 2: Skill/Concept