Financial Literacy Review
Quiz
•
Social Studies
•
5th - 7th Grade
•
Practice Problem
•
Medium
Wendy Hurwitz-Kushner
Used 47+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of a need?
healthy food
safe shelter
designer clothing
clean water
2.
OPEN ENDED QUESTION
1 min • Ungraded
Give an example of something that is considered a "want" but is not needed by everyone.
Evaluate responses using AI:
OFF
3.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
An important belief is considered a
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following influence values? Check all that apply.
friends & family
religion
culture
media
5.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Another term for opportunity cost is
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I spend $80 on new shoes, what is a possible opportunity cost?
I will have to wear those shoes every day.
What is opportunity cost??
I won't have $80 to spend on something else.
I should have compared prices.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it difficult to prioritize paying for needs over wants?
It is hard to resist temptation.
It is sometimes hard to distinguish between needs and wants.
The immediate gratification of getting something "NOW" that I want is often difficult to resist.
All of these statements are correct.
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