This easy-level worksheet has students fix sentence errors, fill in blanks, and write short answers to practice economics: supply & demand skills.
It includes 9 questions across 3 sections for focused practice.
Style:
Economics: Supply & Demand
Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1. Fix the sentence:
Putting money into a savings account means you can never use it again.
Rewrite: Putting money into a savings account means you are keeping it safe and can use it later.
2. Fix the sentence:
Banks only lend money to other banks, never to people or businesses.
Rewrite: Banks lend money to people, businesses, and other banks.
3. Fix the sentence:
Interest is a fee the bank charges you for keeping your savings safe.
Rewrite: Interest is money the bank pays you for keeping your savings in the account.
Part B: Fill in the Blank
Write the missing word or number on each line.
1. Setting aside money to use in the future is called saving.
2. A bank pays interest on your savings as a reward for depositing money.
3. Using money to buy goods and services right now is called spending.
4. A bank is a place that keeps money safe and lends money to borrowers.
Part C: Short Answer
Answer each question in one or two complete sentences.
1. Why is it important for people to save some of their money instead of spending it all?
Saving money is important because it helps people pay for unexpected expenses or large purchases in the future. Without savings, a person may not have enough money when an emergency happens.
2. How do banks help both savers and borrowers?
Banks help savers by keeping their money safe and paying them interest. Banks help borrowers by lending them money so they can buy things like houses or start businesses.
Economics: Supply & Demand
★ Part A: Fix the Sentence
Each sentence has an error. Rewrite it correctly on the line.
1) Fix the sentence:
Putting money into a savings account means you can never use it again.
Rewrite: Putting money into a savings account means you are keeping it safe and can use it later.
2) Fix the sentence:
Banks only lend money to other banks, never to people or businesses.
Rewrite: Banks lend money to people, businesses, and other banks.
3) Fix the sentence:
Interest is a fee the bank charges you for keeping your savings safe.
Rewrite: Interest is money the bank pays you for keeping your savings in the account.
★ Part B: Fill in the Blank
Write the missing word or number on each line.
1) Setting aside money to use in the future is called saving.
2) A bank pays interest on your savings as a reward for depositing money.
3) Using money to buy goods and services right now is called spending.
4) A bank is a place that keeps money safe and lends money to borrowers.
★ Part C: Short Answer
Answer each question in one or two complete sentences.
1) Why is it important for people to save some of their money instead of spending it all?
Saving money is important because it helps people pay for unexpected expenses or large purchases in the future. Without savings, a person may not have enough money when an emergency happens.
2) How do banks help both savers and borrowers?
Banks help savers by keeping their money safe and paying them interest. Banks help borrowers by lending them money so they can buy things like houses or start businesses.
Ready to Practice?
Complete each section carefully.
9 Questions
15-20 minutes
Auto-graded
Retry anytime
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