Unit 2 Financial Literacy Review Day 1

Unit 2 Financial Literacy Review Day 1

4th Grade

21 Qs

quiz-placeholder

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Unit 2 Financial Literacy Review Day 1

Unit 2 Financial Literacy Review Day 1

Assessment

Quiz

Social Studies

4th Grade

Practice Problem

Hard

Created by

Amari Jones

Used 16+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What lists all the expenses and resources available for spending?

a budget

a list

a check

wants

2.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What should be taken care of first?

the budget

needs

income

wants

3.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What does everyone choose between everyday?

needs and wants

needs and expenses

budget and wants

expenses and budget

4.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

A __________ is someone who makes a good or provides a service.

producer

supplier

consumer

economist

5.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

People who buy goods and services are called __________.

producer

supplier

consumer

economist

6.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

When a consumer doesn't buy enough of a good or service it may cause producers to __________ the cost of it.

increase

remove

decrease

cancel

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What is the purpose of an advertisement?

to raise the cost of a service

to warn consumers it is not for them

to bring attention to a product

to shield customers from peer pressure

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