Economics Definitions

Economics Definitions

5th - 7th Grade

17 Qs

quiz-placeholder

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Economics Definitions

Economics Definitions

Assessment

Quiz

Social Studies

5th - 7th Grade

Hard

Created by

Scott DuBois

Used 89+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Related to money, this is the money that you make.

Income

Expense

Credit

Save

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Related to money, this is the money that you spend.

Income

Expenses

Credit

Spend

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something you do with money you’ve earned. The goal is to have more money in the future than you do now.

Save

Invest

Spend

Borrow

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something you do with money you’ve earned. The goal is to have the same amount of money in the future as you do now.

Save

Spend

Invest

Interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something you do with money you’ve earned. The goal is to trade having less money in the future in exchange for having something (stuff, services, etc) now.

Save

Spend

Invest

Borrow

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Related to budgets, this means that you have the same level of income as you have expenses.

Balanced

Surplus

Deficit

Debit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Related to budgets, this means that you have more income than you have expenses.

Surplus

Deficit

Balanced

Borrow

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