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SSW #31 Money and Markets

Total questions: 12

Worksheet time: 12mins

Name
Class
Date
1.

How do people earn money?

a)

by taking a nap

b)

by working hard

c)

by reading a book

d)

by buying things

2.

Every one who buys or sells goods or services is part of a ______________ .

a)

country

b)

bank

c)

resource

d)

market

3.

Which statement describes a person saving their money?

a)

using money to pay their bills and to buy things their family needs

b)

buying a house or a car for their family

c)

putting money into a bank and earning interest

d)

going to the bank for a loan

4.

What is a loan?

a)

a way to send money to someone who lives far away

b)

a fee someone pays for using money

c)

money that is borrowed from someone else

d)

going to the bank

5.

According to the article, where is a safe place to save your money?

a)

piggy bank

b)

wallet

c)

backpack

d)

bank

6.

The United States does not produce everything our citizens ___________.

a)

need

b)

demand

c)

want

d)

need and want

7.

The United States sends goods to other _________, too.

a)

cities

b)

countries

c)

states

d)

resources

8.

The price of a ___________ depends on supply and demand.

a)

want

b)

resource

c)

need

d)

supply

9.

There are a lot of apples and not many people want them. Which of these statements supports this comment?

a)

The supply is low and the demand is high, so the price goes up.

b)

The supply is high and the demand is low, so the price goes down.

c)

The supply is high and the demand is low, so the price goes up.

10.

There are only a few diamonds, but a lot of people want to buy them. What will this cause?

a)

The supply is high and the demand is low, so the price goes up.

b)

The supply is low and the demand is high, so the price goes down.

c)

The supply is low and the demand is high, so the price goes up.

11.

What lets you buy something now, and pay for it later?

a)

cash

b)

demand

c)

credit card

d)

supply

12.

Why do you think the money is called the euro?

a)

It says euro on the money.

b)

The money is used on the continent of Europe.

c)

The money is worth more if it is called the euro.

d)

Euro is short for France.