Personal Finance

Front

In the United States, the money is called: franc, pound, dollar, yen

Back

dollar

Front

Saving money for college is an example of what reason to save money?

Back

saving for a big expense

Front

What is the role of banks in our community?

Back

Banks are a safe place to keep money.

Front

Why would someone wait for a sale when purchasing something?

Back

to get the item for a cheaper price

Front

Why do most people work?

Back

They want earn money and supply themselves with food, clothing, and shelter.

Front

Which of the following is an example of an entrepreneur?

• a person who works at a grocery store
• a person who works for the federal government
• a person who starts their own cake decorating business
• a person who drives a school bus for a school district

Back

a person who starts their own cake decorating business

Front

Identify the example that is NOT a buyer in the community: person buys a new car or bike, person buys food for their family, person buys a new outfit for a party, person sells cotton candy at a carnival

Back

person sells cotton candy at a carnival

Front

Example of a person being a seller in your community:

• setting up a lemonade stand
• giving your friend a toy you don't play with anymore
• receiving a new toy for your birthday
• buying a new video game

Back

setting up a lemonade stand

Front

Why is it important to keep a budget?

Back

All of the above.

Front

In the U.S economy, the Federal Reserve (the Fed) is responsible for

Back

keeping interest rates low and monitoring inflation