Consumer Health

Some costs associated with a running lemonade business may include

• advertising

• labor

• cups

• all of the above

In the lemonade game, the amount of money you have made at the end of the day, after you have paid your costs is called:

• debt

• interest

• gross profit

If you sell lemonade for less than the cost of your product, you will

• make a profit

• go into debt

When choosing a savings or checking account, you would want one with

• high interest rates

• low interest rates

When choosing a credit card, you would want a card that has

• high interest rates

• low interest rates

When balancing a checkbook you must know how to

• add

• subtract

• find the square root

A check can be written for more money than you have in your account without a penalty.

• True

• False

A credit card allows you to purchase something even if you don't have enough cash to pay for it.

• true

• false

Debt means that you owe money to people or companies.

• true

• false

Starting a savings account when you are young can help you:

• Record your deposits and your withdrawls

• Encourage you to save money

• All of the above

• Reward you by earning interest on your money