Social Studies Weekly Week 25

Read the passage:

Money, resources, and time can be given to others. By donating these things, you can help others solve community problems.

Which word helps the reader understand the meaning of the word “donating”?

• resources

• given

• things

• problems

What do banks and credit unions help people do?

• grow crops

• buy groceries

• save money

• make piggy banks

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.

Understanding how to spend, save, and donate money is important because it __________.

• helps people get bigger loans.

• encourages people to save all their money.

• teaches people how to find a job.

• explains things people can do with their income.

Read the passage:

Maria borrowed money to go to college. After she graduates, she will have to pay back her debt.

What is the meaning of the word “debt”?

• money owed

• money earned

• money found

• money donated

_________money is purchasing something to satisfy a want or need.

• spending

• donating

• earning

• saving

Donations can help communities do what?

• save money

• spend money

• budget money

• solve problems

What term means to borrow money to pay for expenses now?

• interest

• debt

• loan

• investment

What term means the money you owe?

• interest

• debt

• loan

• investment

House payments are one example of __________.

• saving money

• spending money

• donating money

• borrowing money