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Spending and Saving

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

________ is a promise to pay for something. p. 264

a)

credit

b)

credit card

c)

savings

d)

loan

2.

A _______ ______ lets the cardholder buy things and pay for them later. p. 264

a)

interest

b)

credit card

c)

savings

d)

loan

3.

The money a person earns but does not spend is called that person's ________. p. 265

a)

interest

b)

bank

c)

savings

d)

loan

4.

Identify two ways people can pay for things they want and need. p. 265

a)

People can pay for things with money only.

b)

People can pay for things with credit cards only.

c)

People can pay for things by using money or a credit card.

d)

People can pay for things with rocks.

5.

A _______ is a business that keeps, exchanges, and lends money to people. p. 266

a)

interest

b)

bank

c)

savings

d)

loan

6.

_________ is the money a bank gives you for letting it hold your money. p. 266

a)

interest

b)

bank

c)

savings

d)

loan

7.

The money you put in the bank is called a ________. p. 266

a)

deposit

b)

bank

c)

savings

d)

loan

8.

What are the three details that support the main idea "A bank is a good place to save money." p. 266

a)

earn interest, money is safe, helps you save

b)

earn money, spend money, don't save money

c)

deposit money, hold money, keep money

d)

earn interest, earn money, earn savings

9.

When banks lend money, the money is called a _______ p. 267

a)

deposit

b)

bank

c)

savings

d)

loan

10.

Where do banks get the money they lend to people? p.267

a)

Banks lend the money that other people are saving.

b)

From their own bank accounts.

c)

They get a loan.

d)

Banks lend the money people earn from interest.

11.

A _______ is a plan that shows your income, expenses, donations, and savings. p. 268

a)

budget

b)

bank

c)

savings

d)

loan

12.

Budgets are important because they.....

a)

will help keep your Robux safe.

b)

will help you spend your money on toys.

c)

are not a good way to help you save.

d)

are a good way to help save and spend your money.

13.

A budget helps you keep track of your ______. p.268

a)

clothes

b)

Robux

c)

toys

d)

money