Torres PFL Scenarios

Front

What is borrowing?

Back

Borrowing is when someone takes money or an item from another person with the promise to return it later.

Front

What does it mean to lend money?

Back

Lending money means giving someone money with the expectation that they will pay it back.

Front

What is a withdrawal?

Back

A withdrawal is when you take money out of your bank account.

Front

What is a deposit?

Back

A deposit is when you put money into your bank account.

Front

What is saving?

Back

Saving is keeping money aside for future use instead of spending it right away.

Front

What is an allowance?

Back

An allowance is money given regularly to a child by their parents.

Front

How much money will Billy have saved in 5 weeks if he saves $4 each week?

Back

Billy will have saved $20 in 5 weeks.

Front

What is responsible borrowing?

Back

Responsible borrowing is when someone borrows money and can pay it back on time.

Front

What is irresponsible borrowing?

Back

Irresponsible borrowing is when someone borrows money but cannot pay it back on time.

Front

What is a loan?

Back

A loan is money that is borrowed and must be paid back, usually with interest.