Cash Cows Lesson 4

1. What does the idiom "Time is money" mean?

• A) Time should be saved in a piggy bank

• B) Time is as valuable as money and should be used wisely

• C) Time is not important

• D) Time should be wasted

2. How is time similar to money in the story?

• A) Both can be physically saved in a piggy bank

• B) Both are valuable resources that should not be wasted

• C) Both can be used to buy goods and services

• D) Both can be donated to charities

3. What did Lily and David's parents announce?

• A) They were going to start giving them an allowance

• B) They were going to take away their allowance

• C) They were going to start a piggy bank for them

• D) They were going to donate their allowance to charity

4. What are goods?

• A) Actions or tasks that someone does for you

• B) Things you can touch and own

• C) Organizations that help people or animals

• D) Money that is donated to charity

5. What are services?

• A) Things you can touch and own

• B) Actions or tasks that someone does for you

• C) Organizations that help people or animals

• D) Money that is donated to charity

6. Why do some people donate money?

• A) To save it in a piggy bank

• B) To buy goods and services

• C) To help others in need

• D) To waste their time

7. What are charities?

• A) Actions or tasks that someone does for you

• B) Things you can touch and own

• C) Organizations that help people or animals

• D) Money that is donated to charity

8. What do charities use the donated money for?

• A) To save it in a piggy bank

• B) To buy goods and services

• C) To help others in need

• D) To waste their time

9. What did Lily and David decide to do with their allowance?

• A) Save it in a piggy bank

• B) Buy goods and services

• C) Donate a portion of it to a charity

• D) Waste their time

10. What did Lily and David learn about the power of giving?

• A) It is important to save money in a piggy bank

• B) It is important to buy goods and services

• C) It is important to donate money to charities

• D) It is important to waste time