VS 4 STUDY GUIDE PART 2

VS 4 STUDY GUIDE PART 2

3rd - 4th Grade

15 Qs

quiz-placeholder

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VS 4 STUDY GUIDE PART 2

VS 4 STUDY GUIDE PART 2

Assessment

Quiz

Social Studies

3rd - 4th Grade

Medium

Created by

Angela Feggins

Used 166+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is credit?

receiving goods now and paying for them at a later time

when you DON'T pay for an item

when you exchange goods

none of these above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is savings?

to trade one item you have for another item you do not have but you need

receiving goods now and paying for them at a later time

earning money and not spending it but use it until you have enough money

none of these

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A teacher tutors a child after school and the family gives the teacher vegetables from their garden. This is an example of what?

bartering

savings

credit

none of these

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Billy wants to buy a new pair of Nike shoes. He earns money for his chores and places it in his piggy bank until later when he has enough money to buy his shoes. This is an example of what?

Bartering

savings

credit

none of these

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Mom goes to the local store at the beginning of the school year to get school supplies but will go back and pay the store when she gets paid next month. This is an example of what?

bartering

credit

savings

debt

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Trading pots for fur is an example of what?

Credit

Bartering

being a good friend

savings

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In early colonial Virginia, there was very little paper money or coins; so how did the storekeepers get their payment?

offered credit to the settlers for goods

sold extra groceries

charged it on credit cards

borrow money from their parents

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