Money Then and Now

A synonym for valuable is:

• cheap

• expensive

• important

• affordable

Long ago, what might someone that owned chickens do to get milk at the marketplace?

• sell a chicken for money

• sell eggs for money

• barter a chicken for milk

• barter eggs for milk

When someone barters, they are not using:

• money

• words

• paper

• food

According to the text, why did people in China use cowrie shells for payment?

• They were valuable.

• They were sturdy and easy to carry.

• They were easy to put on a string like beads.

• They looked like coins.

Which word means "earned or received money?"

• budget

• account

• income

• payment

What are two ways described in the text that kids can earn money?

• start a business

• help neighbors walk their dogs

• setup a lemonade stand

• sell strings of beads

According to the text, what happens to money after it is put into a savings account?

• It is spent on something you want or need.

• It is donated to help others.

• The bank leaves it in a safe until you need it again.

• The bank pays interest for every month it stays in the bank.

What is the purpose of a budget?

• to plan for how to spend all of your money

• to keep your money safe

• to find a place to donate your money

• to plan for how to spend, save, and donate your money

According to the sidebar on page 413, what is the first step of making a budget?

• Put money in the "Save" jar.

• Put money in the "Donate" jar.

• Spend your money on things you need.

• Label three jars with "save, spend, donate."

According to the text, which jar would you use to pay for a new bike you’ve been wanting?

• Spend Jar

• Save Jar

• Donate Jar