All About Money - Week 1

What is currency?

• money

• what people use to buy products & services

• coins or banknotes

• all of the above

The _______ were the first to use paper money.

• Europeans

• Americans

• Chinese

• Romans

In China, the currency used is called the ___

• Yuan

• Yen

• Rupee

• Shekel

In Mexico, the currency used is called ___

• Pesos

• Dinero

• Dolares

• Euros

A budget is ...

• a plan for keeping track of the money you earn and spend

• an installment loan for your car

• an example of revolving credit

• a plan for your retirement savings

What is a bank?

• a place to deposit your money safely and get a loan

• a place where people work and make a lot of money

• a place where you can shop for groceries

Which of the following is an example of revolving credit...

• credit cards

• car loan

• home loan

• debit card

Which of the following is an example of an installment loan...

• credit cards

• debit cards

• costco card

• car loan

Which of the following is Good Debt...

• New Car

• Clothes

• Food

• Rental Property

Which of the following is an example of Bad Debt...

• Rental Property

• Stocks

• 401(k)

• Shoes