Week 24 Test: Money and Markets

People can earn money by _________.

• selling things

• working

• Both A and B: selling things AND working

Adults can use a ________ to buy something now and pay for it later. 

• library card
• wallet
• credit card

When you borrow money, you have to pay a fee.  This is called _________.

• interest
• credit
• taxes

An _________ is what some kids get from their parents for doing chores. 

• interst
• allowance
• loan

Banks can _______ you money if you need to buy a car or a home. 

• loan 
• spend
• lose

Look at the photo of the lady in the grocery store. Infer or make a good guess about how she might pay for the goods in this store.

• She will get an allowance.

• She will pay with a credit card.

• She will trade her purse for some eggs.

How much of a resource there is for a person to buy is called _____________.

• demand
• supply
• market

The ___________ is the type of money used in countries like Germany, France and Italy.

• dollar
• peso
• euro

We do not go to the markets to _______________

• Buy Things

• Sell things

• Make things

What is a market?

• a place that only sells food

• a place to sleep

• a place that sells things people need