Question 1

What do you call the amount of money you have saved up?

Accepted Answer

savings

Answer

expenses

Answer

debt

Answer

bills

Question 2

What is a budget?

Accepted Answer

a plan for spending money

Answer

a type of fruit

Answer

a list of wants and needs

Answer

a school subject

Question 3

What is it called when you use money to buy something?

Accepted Answer

spending

Answer

trading

Answer

saving

Answer

finding

Question 4

What do we call things we want but don't need?

Accepted Answer

wants

Answer

needs

Answer

goods

Answer

services

Question 5

What do we call the plan for how to spend money?

Accepted Answer

budget

Answer

wallet

Answer

savings account

Answer

bank

Question 6

What do we call a job where you provide a service to others?

Accepted Answer

service job

Answer

trade job

Answer

goods job

Answer

money job

Question 7

What do we call the things that people make and sell?

Accepted Answer

goods

Answer

services

Answer

wants

Answer

needs

Question 8

What is money used for?

Accepted Answer

buying things

Answer

eating food

Answer

running fast

Answer

playing games

Question 9

What is it called when you save money for later?

Accepted Answer

saving

Answer

spending

Answer

losing

Answer

wasting

Question 10

What is a person called who buys things?

Accepted Answer

consumer

Answer

producer

Answer

banker

Answer

seller

Question 11

What do we call the money we use to buy things?

Accepted Answer

currency

Answer

gold

Answer

trade

Answer

barter

Question 12

What do we call things that we like to have but don't need?

Accepted Answer

wants

Answer

essentials

Answer

needs

Answer

requirements

Question 13

Which of the following is a need for everyone?

Accepted Answer

food

Answer

video games

Answer

fashion clothes

Answer

movies

Question 14

Which item is a want and not a need?

Accepted Answer

a new skateboard

Answer

a bed

Answer

water

Answer

a coat

Question 15

Which of the following is an example of a want?

Accepted Answer

a fancy video game

Answer

vegetables

Answer

shelter

Answer

water

Question 16

What do we call the amount of money you need to buy something?

Accepted Answer

price

Answer

costume

Answer

size

Answer

weight

Question 17

What is a common symbol for the American dollar?

Accepted Answer

$

Answer

€

Answer

¥

Answer

£

Question 18

What do we call the act of exchanging money for goods or services?

Accepted Answer

purchase

Answer

sell

Answer

count

Answer

save

Question 19

What do you call small pieces of metal money?

Accepted Answer

coins

Answer

checks

Answer

bills

Answer

notes

Question 20

What is the name of the paper money used in the United States?

Accepted Answer

dollar

Answer

euro

Answer

yen

Answer

pound

Question 21

What do we call the money we use to buy things?

Accepted Answer

currency

Answer

coin

Answer

savings

Answer

price

Question 22

What does scarcity mean?

Accepted Answer

There is not enough of something

Answer

It is a type of food

Answer

There is plenty of something

Answer

It means to share everything

Question 23

What happens when something is scarce?

Accepted Answer

It becomes hard to get

Answer

It fills up the whole store

Answer

It becomes easier to find

Answer

It grows on trees

Question 24

If a toy is very popular but only a few are made, what is this an example of?

Accepted Answer

Scarcity

Answer

Plenty

Answer

Distribution

Answer

Availability

Question 25

What do people need to do when there is not enough of something they want?

Accepted Answer

Make a choice

Answer

Take everything they want

Answer

Ask for more to be made

Answer

Ignore what they want

Question 26

What is a good reason to have a budget?

Accepted Answer

To avoid running out of money

Answer

To have money disappear

Answer

To make your parents happy

Answer

To buy everything you see

Question 27

What should you do if you want to buy a toy but are out of money?

Accepted Answer

Save money until you can afford it

Answer

Take it from a store

Answer

Ask someone to buy it for you

Answer

Forget about it completely

Question 28

What can happen if you don't follow your budget?

Accepted Answer

You might run out of money

Answer

You can buy more toys

Answer

You won't need money

Answer

You will get a reward

Question 29

What do you need to create a budget?

Accepted Answer

A list of your income and expenses

Answer

A calculator only

Answer

A shopping list

Answer

A lot of money

Question 30

What should you do if you have extra money after budgeting?

Accepted Answer

Save it for later

Answer

Ignore it

Answer

Give it away to strangers

Answer

Spend it all on snacks

Question 31

What does a budget help you do?

Accepted Answer

Plan how to spend money

Answer

Buy anything you want

Answer

Forget about money

Answer

Make more money

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