Financial Literacy

Financial Literacy

1st - 3rd Grade

20 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Social Studies

1st - 3rd Grade

Medium

CCSS
7.EE.B.3, 3.OA.D.8, L.1.6

+7

Standards-aligned

Created by

E H

Used 868+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Going to work at a job is a way to....

get fired

earn money

make new friends

buy a motorcycle

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monica has a store selling her special t shirts. Everyone wants her shirts. Because there is a great demand for the shirts, Monica can....

make more shirts

lower the price of the shirts

raise the price of the shirts

sell matching shoes

Tags

CCSS.8.EE.B.5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would happen if Monica has to sell her shirts for less that it cost her to make them?

She would make no profit

She would make great profit

Nothing will happen

She would have to take out a loan

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Monica ran out of shirts to sell. Amazon did not have them either. This is an example of

supply

scarcity

demand

overspending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity is

when there is too much of something

when there is too many of something

when there is not enough of something

when you are afraid to lose all your money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supply is

the things you need for school

having your school materials

wanting to buy more stuff

having enough materials

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you have to sell something for less than what you paid for it you will

make no profit

make a profit

break even

be a salesperson

Tags

CCSS.7.EE.B.3

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