Economics

Why do people earn money?

• to work

• to go places

• to only buy things they need

• to buy what they need and want

House payments are one example of __________.

• saving money

• donating money

• spending money

• borrowing money

The article says “after we spend money to meet our needs, we can __________.”

• buy things we want

• buy things we need

• hide it under the bed

• give things to other people

Why do people save money?

• to buy things they want later

• to sell things they don't need

• to have a big bank account

• to give it away to other people

Saving is putting some __________ aside each time you are paid.

• candy

• energy

• money

• time

Where do many people put the money they save?

• in their closets

• under the bed

• in their wallet

• at a bank

Why do people use banks and credit unions?

• to save money

• to cash checks

• to share with friends

• to hide their money

What is the job of banks and credit unions?

• to spend money

• to share your money

• to keep your money safe

• to keep your money hidden

What kinds of accounts can people have at banks?

• taxes and investment

• checking and savings

• investment and budget

• budgeting and savings

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

• interest

• debt

• loan

• investment