Money concepts: payment, saving, and value
Identify methods of payment, distinguish spending/saving/earning/investing/donating, reason about spending vs. saving, and judge whether a purchase is reasonably priced. Unlimited questions, five difficulty levels, and a full worked solution every time — free.
Try one
Priya puts part of her birthday money into a piggy bank instead of using it. Which financial concept does this describe?
- investing
- saving
- earning
- spending
Answer: saving
See one solved, step by step
If Sofia spends more of this week's allowance on video game downloads, what happens to how much Sofia has left to save?
- The amount left to save won't change.
- It has nothing to do with saving.
- There will be less left to save.
- There will be more left to save.
📘 Worked solution
1Answer: There will be less left to save.Spending and saving share the same fixed amount of money, so more of one always means less of the other.
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