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Grade 4

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
budget   a plan for using your money  
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save   keep and store up  
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spend   use or pay out  
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invest   spend money with the goal of making a profit  
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expenditures   the amount of money that is needed to pay for  
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income   money earned  
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opportunity cost   when you make a decision, it's the thing you didn't choose  
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scarcity   not being able to have all the goods and services that you want  
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goods   something that you can touch or hold  
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services   something that one person does for someone else  
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profit   a financial gain, the difference between the amount of money earned and the amount spent  
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economy   the system of how money is made and used within a particular country or region.  
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currency   the money that a country uses  
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Created by: mochateacher
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