ULS 18 Chapter 6: Saving & Borrowing from Bank

What do people save money for according to the text?

• To buy things they want and need

• To donate to charity

• To pay taxes

• To invest in stocks

What is the main reason people save money according to the text?

• To buy luxury items

• For emergencies

• To lend to friends

• For vacations

What is NOT a need?

• food

• clothes

• movies

• house

What do people do when they do not have enough money?

• They borrow money.

• They print more money.

• They stop buying things.

• They save more money.

What is the process described in the text after borrowing money?

• People pay it back later.

• People forget about it.

• People invest it.

• People lose it.

What happens when people use credit cards?

• They borrow money.

• They save money.

• They earn interest.

• They deposit money.

What must people do after borrowing money from a bank?

• Pay it back later

• Keep it

• Spend it all

• Ignore it

What is Tianna saving her money for?

• A car

• A vacation

• A laptop

• A house

Some people save money to _____ for a vacation.

• pay

• borrow

• spend

• lose

People also save money for _____.

• emergencies

• parties

• clothes

• games