Everfi Vault - Understanding Money (1-3)
Authored by Kristie Booth
Computers, Other
7th Grade
CCSS covered
Used 165+ times
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About
This quiz comprehensively covers personal financial literacy fundamentals appropriate for middle elementary students in grades 3-5. The questions assess students' understanding of core money management concepts including distinguishing between needs and wants, creating and following budgets, responsible spending and saving practices, and personal financial safety. Students need foundational knowledge of basic economic principles, the ability to categorize expenses by priority, understanding of different payment methods and their implications, and awareness of various income sources and tax concepts. The content also introduces career exploration through the lens of entrepreneurship and aligning personal interests with future earning potential, while emphasizing the importance of comparing prices, avoiding peer pressure in purchasing decisions, and understanding the role of financial institutions and charitable giving in personal finance. Created by Kristie Booth, a Computers teacher in the US who teaches grade 7. This quiz serves as an excellent foundational tool for introducing students to essential financial literacy concepts that will serve them throughout their academic and personal lives. Teachers can effectively use this as a pre-assessment to gauge students' prior knowledge, incorporate it into daily warm-ups to reinforce key vocabulary and concepts, or assign it as independent practice following direct instruction on money management principles. The quiz format makes it ideal for formative assessment, allowing educators to quickly identify areas where students need additional support or enrichment. The content directly supports Common Core Mathematics standards 3.MD.A.2 and 4.MD.A.2 for solving word problems involving money, while also addressing Social Studies standards NCSS.D2.Eco.1.3-5 regarding economic decision-making and resource allocation.
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43 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Where can people go for information about money?
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is an example of a need for most people?
Tags
CCSS.RL.6.2
CCSS.RL.7.2
CCSS.RL.8.2
CCSS.RL.5.2
CCSS.RL.9-10.2
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What type of personal information should people keep private?
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The best way to achieve a short-term money goal is to:
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
To be responsible with their money, young people can do what?
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
It's important to spend money on things you need before spending money on things you want.
Tags
CCSS.RL.6.2
CCSS.RL.7.2
CCSS.RI.7.2
CCSS.RL.7.1
CCSS.RI.8.2
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
People can be responsible with their money by spending all their money at one time.
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