Economic Choices - Week 32 Assessment

Choose the term that best completes the sentence. ________ is a plan for saving and spending money.

• A. A budget

• B. An income

• C. Donating

• D. Work

Time can be donated.

• True

• False

Where is a good place to save money?

• in a car

• in a bank

• in the kitchen

• in the backyard

Choose the word that best completes the sentence. People earn income by .

• budgeting

• donating

• spending

• working

Complete the graphic organizer. Cause: People work for an ________. Effect: to be able to purchase ________.

• income

• leisure

• hobby

• goods

What is something you or a family member earned the money to purchase?

• A car

• A house

• A vacation

• A computer