"A FRESH START" VOCABULARY REVIEW

What does it mean to "afford" something?

• To save money for the future

• To have enough money to buy or pay for it

• To borrow money from someone else

• To sell something for a profit

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

What is a "loan"?

• Money you earn from working

• A gift of money that doesn't need to be repaid

• Money you borrow that must be paid back

• Extra money left after paying all bills

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Which of the following best describes "profit"?

• The total amount of money earned

• Money spent on business expenses

• The difference between cost and selling price

• A type of savings account

Tags

CCSS.7.EE.B.3

What does it mean to "prosper"?

• To struggle financially

• To be successful or thriving

• To lose money in a business

• To borrow money from a bank

In economics, what is a "risk"?

• A guarantee of making money

• A safe investment option

• The chance of losing money or failing

• A type of bank account

What are "savings"?

• Money set aside for future use

• The total cost of all your purchases

• Money borrowed from a bank

• Profits earned from a business

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

When something is "scarce," it means:

• It is very cheap

• There is more than enough of it

• It is easy to find

• There is not enough of it available

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

What are "wages"?

• Money spent on groceries

• Payment received for work or services

• Profits from selling goods

• Money saved in a bank account

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4