SaveUp Assessment Grade 5

SaveUp Assessment Grade 5

5th Grade

10 Qs

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Financial Literacy: Savings: Needs and Wants

Financial Literacy: Savings: Needs and Wants

SaveUp Assessment Grade 5

SaveUp Assessment Grade 5

Assessment

Quiz

Computers

5th Grade

Practice Problem

Medium

Created by

Stephanie Martucci

Used 10+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What is a benefit of saving money?

Getting a discount on your bills

Being able to prepare for emergencies

Having a higher paycheck

Getting hired for a job

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Your emergency savings should cover your expenses for

1 month

2 months

3 months

4 months

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Setting a savings goal can help you

When you want to buy something expensive

When you want to borrow something

When there is nothing you need or want

When your friends need money

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which will help you save for your goals faster?

Choosing wants before needs

Choosing only wants

Choosing only needs

Choosing needs before wants

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of these can help you save money?

Increasing spending

Budgeting money

Taking a vacation

Selling your items

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Your savings account will make more money in interest if you

Withdrawal more money

Move money around

Deposit more money

Closing your savings account

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

TRUE OF FALSE: You may need to pay fees when you open a savings account.

True

False

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