Financial Literacy Review

Financial Literacy Review

3rd Grade

8 Qs

quiz-placeholder

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Financial Literacy Review

Financial Literacy Review

Assessment

Quiz

Social Studies

3rd Grade

Medium

Created by

Gabrielle Madike

Used 13+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of market?

a place buyers and sellers exchange goods and services for money

things that can satisfy people's wants

things people like and desire

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Want is...

things you must have to live

things people like and desire

a place buyers and sellers exchange goods and services for money

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a need?

things people like and desire

things you must have to live

a place buyers and sellers exchange goods and services for money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Activities that can satisfy people's wants is...

want

goods

need

market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Activities that can satisfy people's wants is...

services

want

need

market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

My sister gives me a gift on my birthday every year. What is this?

choice

market

spending

income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I love Fortnite. I save some of my allowance every week to save up for it. What is this?

choice

market

saving

income

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ms. M and Ms. J went to the store. They could not decide what cereal they would get but, Coco Puffs or Fruit Loops. They only have enough money for one. They choose Fruit Loops. What is their opportunity cost?

Choosing one cereal

Going to grocery store

Choosing Fruit Loops

Choosing Coco Puffs