
Financial Literacy For Kids Quiz
Quiz
•
Mathematics
•
5th Grade
•
Practice Problem
•
Medium
+14
Standards-aligned
Rashad Myers
Used 8+ times
FREE Resource
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13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the meaning of 'budget'?
A type of fruit
A type of car
A type of animal
A plan for how to spend and save money
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you earn $10 per week and save $3, how much will you have saved in 5 weeks?
$20
$5
$8
$15
Tags
CCSS.7.EE.B.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a debit card and a credit card?
Debit card has a higher interest rate than a credit card
Debit card is linked to a bank account, while a credit card allows borrowing money
Debit card is used for online shopping, while credit card is used for in-store purchases
Debit card has a limit on how much money can be spent, while credit card has no limit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you have $20 and you spend $5, how much money do you have left?
$10
$25
$15
$2
Tags
CCSS.4.MD.A.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the concept of 'interest' when saving money in a bank.
Interest is the extra money the bank pays you for saving your money with them.
Interest is the money you have to pay to the bank for keeping your money with them.
Interest is the fee you pay to the bank for saving your money.
Interest is the amount of money the bank takes from your savings.
Tags
CCSS.5.NF.B.5B
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the importance of saving money for the future?
To spend on unnecessary items
To be prepared for unexpected expenses, achieve financial goals, and have a safety net in case of emergencies.
To rely on others for financial support
To have less money in the future
Tags
CCSS.RI.5.2
CCSS.RI.6.2
CCSS.RL.5.1
CCSS.RL.5.2
CCSS.RL.6.2
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you have $50 and you want to buy a toy that costs $30, how much money will you have left after buying the toy?
$10
$30
$50
$20
Tags
CCSS.4.MD.A.2
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