
Understanding Borrowing and Lending

Interactive Video
•
Business
•
3rd - 4th Grade
•
Hard
Jennifer Brown
FREE Resource
3 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary difference between borrowing and lending?
Borrowing involves giving money, while lending involves receiving money.
Borrowing involves receiving money with a plan to repay, while lending involves giving money with the expectation of repayment.
Borrowing is always interest-free, while lending always involves interest.
Borrowing is a form of investment, while lending is a form of saving.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the pizza scenario, what does the term 'interest' refer to?
The cost of the pizza.
The initial amount of money lent.
The total amount of money borrowed.
The extra money paid back along with the loan.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did the character decide not to borrow money for pizza?
Because they didn't want to pay back with interest.
Because they had enough money at home.
Because they wanted to save money for something else.
Because they didn't like pizza.
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