Economics 1
What you use to buy goods and services
What is money?
A machine that takes money from your bank account and gives you cash
What is a ATM?
You can live without these things, but you really like them.
What is wants?
8 x 8=
What is 64?
This is what you are doing when you give money in exchange for goods and services.
What is pay?
The extra money given back to you when you give more than what the items are
What is change?
When you see a sales tag on a item, it tells you how much something...
What is cost?
Things you can't live without
What is needs?
7x9
What is 63?
Anything physical that you can buy is...
What are goods?
A plan for how to save and spend money
What is a budget?
A place for saving and exchanging money
What is a bank?
Money you put away to use later
What is savings?
9x12=
What is 108?
A note that tells the bank to send money to someone.
Example: Everyone working gets one of these, whether it's by mail or direct deposit.
What is a check?
Money that is earned or received
What is income?
What are services?
You can use this to pay for items, but you have to pay for it later.
What is a credit card?
12x13
What is 156?
Name at least 3 services that humans use in everyday life.
What is nail salon, hair salon, barber, doctors, dentist, nanny, butler, firefighters, police, waiters and so many more?
How people make and spend money, also how businesses make and sell things to make money
What is economics?
A person or group that starts their own business is called a
What is an entrepreneur?
When you pay for something, this may be added to the cost of your items at the end
What is a tax?
53x4
What is 212?
When you go to the bank you can add money or take money away from your account. The two terms are called...
What is deposit and withdraw?