
Economics Summative Test
Authored by Stephanie Petak-Marco
Social Studies
3rd Grade
Used 1+ times

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28 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is it called when people figure out how much money they have coming in and how much they have to spend money on?
their income
their budget
their vacation
2.
OPEN ENDED QUESTION
5 mins • Ungraded
Why is it important to save money?
Evaluate responses using AI:
OFF
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When people do a job or service for money, they are:
saving money
earning an income
paying money
4.
OPEN ENDED QUESTION
3 mins • Ungraded
How can you save money?
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
3 mins • Ungraded
Tell a good thing about saving money.
Evaluate responses using AI:
OFF
6.
OPEN ENDED QUESTION
3 mins • Ungraded
What is something not so good about saving money?
Evaluate responses using AI:
OFF
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Money the bank pays you for keeping your money at their bank:
profit
savings
interest
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