What is interest on a loan?

A ____________ bank is a special bank that helps manage a country’s money and decides how much money to print.

______________ are places where people can save money and get loans, and they’re owned by their members instead of by businesses.

A ____________ bank helps people and businesses with everyday money needs, like savings accounts and checking accounts.

______________ banks help people and companies invest their money in things like stocks and bonds to try to grow their wealth.

When people buy ____________, they are investing in land or buildings, like houses or office spaces, hoping their value will go up.

A ________________ is a big pool of money from many people, used to invest in a variety of stocks and bonds to help everyone’s money grow together.

______________ are pieces of ownership in a company that people can buy and sell, hoping to earn money if the company does well.

______________ is a special kind of digital money that exists online and isn’t controlled by any government or bank.

Fixed expenses are costs that stay the same each month.

Variable expenses are costs that only happen once a year.

Discretionary expenses are things we need to pay for, like rent and groceries.

Periodic expenses happen every once in a while, not every month.

What are wants?

Your friend’s parents are worried about going over their budget for the month. Which expense would you suggest is NOT a need?

What do we call the ability to understand money and how it works?

When people need more money than they currently have, they can

borrow it. What is it called when you borrow money?

Medical care is considered a:

Clothing is considered a: