MONEY
It is an object of value that can be exchanged for a product or services.
Money
This is a container where people put their money whenever they want in order to save.
Money box
Name a low order goods we spend money on. We buy these every week.
Food, drinks, medicines
Many people use it while shopping for personal needs at home.
household budgets
Two or more people own and direct a company together. This type of company is called?
A partnership
What is the name of the card that we need in order to pay when we are doing online shopping?
debit cards and/ or credit cards
Most people use this way to save money where they put their money in the bank and the bank pays the interest on it.
Savings account
Give an example of high order goods that we buy sometimes.
luxury items such as cars and houses.
This is the amount of money that we have to spend. It also helps us how much we spend.
Budget
This is a type of company where all people working in it own it together.
Cooperative
True or False. Nowadays, we use iron and paper as money.
False. We use coins and paper notes not paper.
True or False. People often invest in shares or bonds.
True
True or False. We spend money in town centres, shopping centres, and on the internet.
True
True or False. Household budgeting is used by restaurant owners to run their business.
False. It's business budget.
The name of the business owner that directs his or her own business.
Sole trader
Name two examples of things that was being used as money in the past.
Animals, sacks of grain, shells or beads
This is an act of buying something with the object and selling it later for money.
Investing money
There are how many ways can we spend our money?
There are 3. Using cash, using debit cards and using credit cards.
This is used by companies to plan how much they will spend on raw materials and products.
Business budgets
A type of company that is owned by the people who have shares in the company.
A corporation