How Money Moves

When you use a debit card or a phone app, which is true?

• The money moves digitally from one account to another.

• The money DOESN’T move and is not spent.

• The money is borrowed and you don’t have to pay it back.

Which of the following is NOT a payment option?

• Gift card

• Credit card

• Debit card

• Insurance card

• Cash

What is the economy?

• A way to pay digitally for something.

• A way to deposit money into a bank.

• The way that money moves from people buying goods and services.

• A product that you can buy using cash.

When you borrow money...

• You have to pay a little extra when you pay it back.

• You pay back the exact same amount you borrowed.

• You get some money back if you pay on time.

Which is NOT true about saving your money in a bank?

• You can get your money out at any time.

• Your money is safe.

• You earn a little bit of money as a bonus for saving

• You have to pay to open a bank savings account.

Which is an example of a good?

• a haircut

• bread

• a car wash

• a doctor check up

Which is an example of a service?

• milk

• house cleaning

• a computer

• paint

True or False: Money is always moving through the economy.

• True

• False

Which is an example of a place where you can donate money?

• a bank

• an animal shelter

• a restaurant

• an electronics store