Personal Finance Review

Personal Finance Review

4th Grade

11 Qs

quiz-placeholder

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Personal Finance Review

Personal Finance Review

Assessment

Quiz

Social Studies

4th Grade

Medium

Created by

Eleanor Steele

Used 8+ times

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11 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 5 pts

Media Image

Why is creating a budget so important? (Select all that apply)

It can help you reach your savings goals for what you want or need.

It can help keep you out of debt.

It can help you keep track of your neighbor's financial habits.

It can help you get a better job.

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

What may the bank do with the money in your savings account?

Use it to create a sculpture in the bank

Use it to throw a party

Use it to give out loans to other customers

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

What are the benefits of putting money in a savings account or investing it.

You earn Interest or make more money

You get free gifts

You pay a fee for safety

Nothing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Adele needs to plan for a large-scale purchase. What is her BEST option?

Put money into a savings account

Use a credit card

Take out a loan

Ask a family member for a loan

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

Mia wants a new phone, but she needs a new notebook for class. What should she do?

Buy the notebook and put away money for the phone.

Buy the phone and put away money for the notebook.

Buy the notebook and tell Moby to buy her the phone.

Buy the phone and use Moby's notebook for a while.

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which is good advice for saving and spending money?

Spend all of your allowance as soon as you earn it.

Use a budget to plan how much money you can save.

Try to buy things that you want before the things that you need.

Buy things you use only once, and then throw them out.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

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