WorksheetsFlow of Money
Total questions: 10
Worksheet time: 5mins
What is the flow of money?
The way banks pay people
The movement of air in the atmosphere
The way money moves from the bank to the store
The way that money moves from person to person throughout society.
If you are earning interest, that means:
You are losing money
You are becoming popular on TikTok
You have money stuck in your wallet
You put money into a bank account, and you’re earning money.
When you buy something from the store, sales tax is added to your purchase. Sales tax helps fund
Banks
Employees
Government
People
Why is it important to have good credit?
So you can buy things with cash?
So your parents don't complain
So that banks trust you to loan you money
So you have a good flow of money
Wholesale products are more expensive than buying from the store?
True
False
When working for a company, employees receive benefits. What are some examples of benefits?
Health Insurance
Paid Time Off
Dental Insurance
All of the Above
Where do banks get money from for the loans they give out?
They use their own money
By borrowing the money from the accounts of people that put money in
By charging interest to the person applying for the loan
All the above
What is the purpose of a budget?
To keep track of your favorite movies
To plan and control how you spend your money
To decide what clothes to wear
To organize your books
What is a loan?
Money you give to someone as a gift
Money you borrow from a bank or another person that you must pay back
Money you find on the street
Money you earn from a job
Why is it important to save money?
To spend more on luxury items
To have funds available for future needs or emergencies
To lend money to friends
To pay more taxes
