Budgets

Budgets

5th Grade

15 Qs

quiz-placeholder

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Budgets

Budgets

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

Jennifer Breedon

Used 233+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

A budget is a plan for spending and saving money.

True

False

2.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

The goal of a budget is to SPEND less than you EARN.

True

False

3.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

The goal of a budget is to SPEND more than you SAVE.

True

False

4.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Why is it important to keep a budget?

Budgets make sure you do not spend more money than you can afford.

Budgets can help you save for large purchases.

Budgets show you how much money you get and spend.

All of the above.

5.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Media Image

Which of the following best describes income?

Money given to a charity that helps others.

Money received for completing a chore or task.

Money received from a parent to pay for lunch.

Money spent on new clothes and shoes for school.

6.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

You go to the movies

Income

Expense

7.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

You get a present for friend’s birthday

Income

Expense

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