Module 5 Lesson 3 Review - Money and Banking

What is inflation?

• rise in all prices
• rise in most prices
• rise in some prices
• rise in general prices

What is the stock market?

• A type of farmers market where people buy and sell food.
• A place where parts of businesses are bought and sold.
• A special type of grocery store that sells stocks.
• A type of bank that gives out loans to new businesses.

The possibility of losing some or all of a particiular investment.

• risk

• index

• industry

• profit

Maria borrowed $3,000 at a simple interest rate of 4% per year.  How much did she have to repay after 4 years?

• $480
• $3,480
• $4,800
• $7,800

Tags

CCSS.7.RP.A.3

Anna invested $2,500 at an annual rate of 5%.  How long will it take until Anna earns $1,125 in interest?

• 5 years
• 8 years
• 10 years
• 9 years

Tags

CCSS.6.EE.B.7

If an expense can be cut from your budget to save money, it is considered a ______.

• Income
• Want
• Need
• Savings

If an expense can not be cut from your budget to save money, it is considered a _____.

• Income
• Want
• Need
• Savings

At the end of the month, the money I haven't spent is ________.

• Spent quickly
• Income
• Savings
• Expenses

It is safer to keep your money here than at home under your mattress.

• Balance
• Want
• Inflation
• Bank

Money serves as a ______________________________ because it holds its value over time.

• medium of exchange

• interest rate

• store of value

• asset