Financial literacy

Money allows us to buy goods and services. This function is.....

• delaying payment

• increasing wealth

• medium of exchange

• assigning prices

Putting some of your money aside for later use is.................

• borrowing

• saving

• a credit

• a loan

Receiving money from a bank that you must pay back with interest is.......

• saving

• investing

• borrowing

• bidding

Interest is the cost of borrowing.

• True

• False

If the interest is too high.............

(الفائدة على القروض عالية)

• people will borrow more.

• people will borrow less

• borrowing is not affected