Financial Literacy

Financial Literacy

5th Grade

15 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Mathematics

5th Grade

Hard

CCSS
RI.3.10, L.2.4E, L.K.5A

+21

Standards-aligned

Created by

Donna Mancil

Used 10+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an advantage of using a credit card?

Interest is charged for the use of a credit card.

Consumers can purchase things now, and pay for them later in the event of an emergency.

You could be a victim of identity theft.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Alyssa has her first job at the local bakery. After working for one week, she received her first paycheck. The total amount of money she is able to put in the bank is $75.62. What type of income does this amount describe?

Gross Income
Net Income
Both Gross and Net Income
None of the above

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Jonathan's new clothes cost a total of $572.50 before tax. What type of tax does Jonathan have to pay for his new clothes?

Income Tax
Property Tax
Payroll Tax
Sales Tax

Tags

CCSS.L.4.6

CCSS.L.6.6

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.5.2D

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Anthony has a new job. He is paid twice a month. He wants to save $720 a year to put toward college. How much money does Anthony need to save from each paycheck

Anthony should save $30 from each paycheck.
Anthony should save $20 from each paycheck.
Anthony should save $10 from each paycheck.
Anthony should save $5 from each paycheck.

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.K.5A

CCSS.W.2.3

CCSS.W.3.3C

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If Sammy’s expenses are greater than his income, what must he do to balance his budget?

Earn more money
Spend less money on expenses
Earn more money AND spend less
None of the above

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is considered an advantage to using a debit card to make purchases?

Debit cards are convenient and easy to carry around.
Purchases can be made quickly and easily.
You can use many ATMs to get cash.
All of the above.

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A plastic payment card linked to a financial account and is used for transactions.

Debit Card
Credit Card
Checking Account
Savings Account

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

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