Everfi Vault 3 - 5
Quiz
•
Other
•
6th Grade
•
Practice Problem
•
Medium
Kristie Booth
Used 124+ times
FREE Resource
About this resource
This quiz assesses foundational financial literacy concepts appropriate for elementary students in grades 3-5. The content covers four essential areas of personal finance education: career and income fundamentals, credit and debt basics, savings principles, and introductory investment concepts. Students need to understand the distinctions between jobs and careers, recognize different forms of compensation like wages versus salaries, and grasp the relationship between interests, skills, and career choices. The quiz also requires students to differentiate between cash and credit, understand debt obligations, and recognize appropriate uses for credit cards. Additionally, students must comprehend savings account benefits, interest concepts including the difference between simple and compound interest, and basic risk-reward principles in investments and insurance. Created by Kristie Booth, an Other subject teacher in US who teaches grade 6. This comprehensive assessment serves multiple instructional purposes, functioning effectively as a pre-assessment to gauge students' prior knowledge of financial concepts, a formative assessment during a financial literacy unit, or a summative evaluation following instruction. Teachers can implement this quiz as a warm-up activity to activate prior knowledge before introducing new financial concepts, assign it as homework to reinforce classroom learning, or use it for review before standardized assessments. The quiz aligns with Common Core State Standards in Mathematics, particularly standards addressing mathematical practices and problem-solving (CCSS.MATH.PRACTICE.MP1-MP8), and supports Social Studies standards related to economics and financial literacy, including understanding production, distribution, and consumption concepts (NCSS.D2.Eco.1.3-5 and NCSS.D2.Eco.2.3-5).
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30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A job is _____.
something you need to do
something you do to earn money
something you do when you are bored
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A career is _____.
a single job you have once
the kind of job most people have
the type of job you do for a long time
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is a career path different from a job?
A career path is made up of jobs in the same field.
A career path clearly marks how to get a job.
A career path is a different type of work than a job.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What would be an example of a money making opportunity for a person your age?
A lemonade stand
Fixing your family car
Riding a bike
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imagine you have a friend who is really interested in dogs. What would they need in order to turn that interest into a way of making money?
Dogs being sold at a nearby pet store
Guard dogs for their own home
Dogs in the neighborhood that need walking
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imagine a neighbor needs help with their yard. What would you need in order to turn that into a money making opportunity?
Other customers
Tools and skills to do the work
Opportunity costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If someone likes animals and then becomes a zookeeper, they have chosen a career based on _____.
income
skills
interests
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