Banking
How much money something is, is called the _______?
Price or cost
If my only pair of shoes have a hole in them, would a new pair of shoes be a need for me?
Yes. If I have lots of shoes, I could just use the others for now, but if I only have one or two pairs of shoes, then a new pair is definitely a need.
Tyler wants to buy a candy bar. If the candy bar is $3, and he gives the cashier a $5 bill, how much is his change?
$2
Which one of these cards uses money straight from your personal bank account?
-Debit card
-Credit card
-Gift card
Debit card! Credit cards use borrowed money from the bank company, and gift cards have only a specific amount of money loaded onto them from someone else.
If I am a teacher, and my printer rarely works, would getting a new printer be a need?
Yes. Teachers need to be able to print all sorts of things, like worksheets, and without a printer, class might be pretty difficult.
Jack needs to buy a gallon of juice. If the juice is $6, and he gives the cashier a $10 bill, how much is his change?
$4
Your banking app helps to keep track of the things you spend your money on, which are called your ________.
Expenses
If I am at the mall, and I see the cutest shirt ever, is getting a new shirt a need?
No, this is simply, a want. First, make sure you really want the shirt, then make sure have the money, then make sure all your needs have been taken care of, then, if there's still money left over, you can buy the shirt.
Andrea wants to buy a shirt she found at the mall. If the shirt is $18, and she gives the cashier a $20 bill, how much is her change?
$2
What is the charge for getting a loan, from the bank, called?
Loan interest
If I am at the waterpark, and I would really like an icecream cone, is the icecream cone a need?
No. Icecream would be a want. You do need to stay hydrated when you're outside, but water would be best at that.
Tonya needs to put gas into her car. If the gas costs $45, and she gives the cashier a $50 bill, how much is her change?
$5
There are two, main bank accounts that most people have. What are they?
Checking account and Savings account
If I got a new job, that requires me to wear a suit, would it be a need to get a new suit?
Yes. I wouldn't be able to keep my new job without a suit, and without a job, I won't be able to afford my needs. Also, even if I have one suit already, I would still need at least one new one, because I can't wear the same clothes every single day.
Steve needs to fix the crack in the window of his car. If the repair costs $99, and he gives the cashier a $100 bill, how much is his change?
$1