Week 24 Test: Money and Markets

Week 24 Test: Money and Markets

2nd - 3rd Grade

14 Qs

quiz-placeholder

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Week 24 Test: Money and Markets

Week 24 Test: Money and Markets

Assessment

Quiz

Social Studies

2nd - 3rd Grade

Medium

Created by

Brenna Langham

Used 14+ times

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14 questions

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1.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

People can earn money by _________.

selling things

working

Both A and B: selling things AND working

2.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Adults can use a ________ to buy something now and pay for it later. 

library card
wallet
credit card

3.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

When you borrow money, you have to pay a fee.  This is called _________.

interest
credit
taxes

4.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

An _________ is what some kids get from their parents for doing chores. 

interst
allowance
loan

5.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Banks can _______ you money if you need to buy a car or a home. 

loan 
spend
lose

6.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Media Image

Look at the photo of the lady in the grocery store. Infer or make a good guess about how she might pay for the goods in this store.

She will get an allowance.

She will pay with a credit card.

She will trade her purse for some eggs.

7.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

How much of a resource there is for a person to buy is called _____________.

demand
supply
market

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