Income is ______________. (Save a Dollar, Spend a Dollar)
a way of saving money
money
earned money
spent money
Which president in American history was the leader of the Revolutionary War? (Were our Founding Father's Rich?)
Washington
Hamilton
Jefferson
Adams
When we take the time to determine how we are going to spend our available money is referred to what? (Mind Your Money)
buying a toy
allowance
balancing a bank accoutn
budget
What can you conclude is the primary difference between desired (wanted) items and necessities? (Mind Your Money)
Wanted items are the money our parents need for bills, whereas needed items are the monies they need to take us to school
Needed items are the games that I need for my game system, wherea as a wanted item is money for my school lunch
Wanted items are the clothes I need to wear to school
Needed items are those things I require to survive and wanted items are those items I desire to have for my personal pleasure
Madison's monthley budget is detailed in the text. Determine how much money Madison requires for those items that she desires to have. (Mind Your Money)
$380.00
$225.00
$500.00
$115.00
The ______ has to write a budget for our nation. (Who's Budgeting?)
president
vice president
mayor
principal
Budgets help families, governments, and businesses to ______. (Who's Budgeting?)
spend money on whatever they want
save money
pay attention to their business and let their finances take care of themselves
pay attention to their finances and balance their wants and needs
What happens when the supply is small? (Going Bananas Over Food Prices)
The price stays the same.
The price decreases.
The price increases
The supply needs to be replenished.
What does scaricty mean?
It means not having enough of something.
It means having enough just to get by.
It means having too much of something.
It means we have an abundant food supply.
A gift of money or other items is _______. (Vocabulary)
a budget
scarcity
a donation
an abundance
Money set aside to buy things in the future is _____. (Vocabulary)
earnings
savings
budgeting
expenses
Money that you spend is called ________. (Vocabulary)