1. Reporting Category: 1 Economics
Performance Indicator: 8.2.3 Differentiate between credit and debt.
Application
3. Which situation is an example of debt?
A.money borrowed by someone that must be paid back
B. money that earns interest while kept in a bank
C. money that a bank invests in stocks and bonds
D. money held in reserve for emergencies
Mix and Match
Vocabulary Picture In your OWN WORDS…
Debt
Interest
Investment
Reserve