Saving
You save $2 each week for 3 weeks. How much do you have?
$6
Putting money in the bank is called:
Deposit
Borrowing means:
Taking money and paying it back later
Lending means:
Let someone borrow your money
A producer is someone who:
Makes goods
Saving money means:
Keeping money for later
Taking money out of the bank is called:
Withdrawal
Which is responsible borrowing?
Borrowing and returning it
What is a benefit of lending?
Helping someone
A consumer is someone who:
Uses or buys goods
Which shows saving?
Putting money in a jar
Maria puts $10 into her account. What did she do?
Deposit
Which is irresponsible borrowing?
Not paying back
What is a cost of lending?
Not getting it back
A baker is a:
Producer
If you save $5 and then save $5 more, how much do you have?
$10
Juan takes $3 out of his account. What did he do?
Withdrawal
If you borrow $5, what should you do?
Pay it back
You lend money to a friend. What might happen?
You may not get it back
A person buying bread is a:
Consumer
Why do people save money?
To have more later
Which is a withdrawal?
Taking money out
Which example shows borrowing?
Asking a friend for $5 and planning to pay it back
Which example shows lending?
Giving your friend $3 to use and expecting it back
Which shows BOTH a producer and a consumer?
A farmer grows apples and a person buys them