Financial Literacy

Financial Literacy

3rd Grade

12 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Social Studies

3rd Grade

Practice Problem

Medium

Used 16+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many people earn money at a job. Another way to earn money is . . .

buying new things

volunteering for a charity

keeping money in a savings account

Answer explanation

A bank pays you interest to keep your money there.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Students baked cookies for a fundraiser. This is an example of . . .

donating

consuming

spending

Answer explanation

In a bake sale people give or donate the the cookies or cakes to be sold. The money goes to the charity (like girl scouts or a church group).

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which would be included in a budget?

earnings

sleeping

phone calls

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these would be in a budget?

steps

calories

spending

5.

OPEN ENDED QUESTION

3 mins • 1 pt

Write a sentence explaining what a budget is.

Evaluate responses using AI:

OFF

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If demand for products is LOW, what will sellers do?

Lower the price

Raise the price

Keep the same price

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a new book sells so fast that many people can't buy it, what could happen ?

price could go up

people won't want the book

cost to make the book could increase

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