Financial Literacy Wrap-up

Front

Mrs. Montes needs money to buy some new shoes. She goes to the bank to get some money. This is an example of ....

Back

A withdrawal

Front

If you saved $2 every week for 4 weeks to buy a toy, how much money would you have saved?

Back

$8

Front

If you made $5 every week for 5 weeks for walking dogs, how much money did you earn?

Back

$25

Front

What should you do with the money you earned? Options: Spend it on a huge bag of Sour Patch Kids?, Spend it ALL at the arcade, Save it for something you really want or need

Back

Save it for something you really want or need

Front

What is it called when you take money out of the bank? Options: Deposit, Withdrawal, Loan

Back

Withdrawal

Front

Which of the choices is an example of responsible borrowing? Options: Returning a video game to the owner without any damage, Never returning a dollar to the person from whom you borrowed it, Returning a broken pencil to the owner

Back

Returning a video game to the owner without any damage

Front

What is the name for the money that goes into Mrs. Lyon's bank account?

Back

Deposit

Front

Mrs. Phillips uses her friend's sleeping bag for a sleepover. After the sleepover, she returns the sleeping bag to her friend. Which choice describes Mrs. Phillips use of her sister’s sleeping bag?

Back

Borrowing

Front

What role does Mrs. Laza play when she buys food at the grocery store, drinks at the convenience store, and plates at a housewares store?

Back

Consumer

Front

Tim is checking out a book from his school library. Tim is _______________________ the book from the library.

Back

Borrowing