
Benchmark G5
Passage
•
Business
•
5th Grade
•
Practice Problem
•
Hard
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16 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What are the most costly expenses in a family?
Vacation and travel
Entertainment and hobbies
Purchase of new equipment
Food and education
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What does 'setting spending priorities' mean?
Choosing the most expensive options
Determining the most important and necessary expenses to allocate funds
Spending as needed
Saving the majority of income
3.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
What is a family's plan for income and expenses over a specific period of time?
4.
OPEN ENDED QUESTION
15 mins • 1 pt
Should a family whose main income is from renting out apartments take a loan? If not, why should they not take a loan.
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5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the safest way to store money?
Storing money in cash
Bank account or deposit in a reliable bank
Investing in high-risk stocks
Storing money on a regular debit card
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What can be considered as savings?
Investing in a business for manufacturing bank safes
Opening a bank deposit
Purchasing bonds (securities) issued by a commercial bank
Purchasing a gold bullion in a bank
All answers are correct
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
At what income level per family member per month should family budget planning begin?
Planning the family budget is recommended regardless of the level of income.
Planning the family budget should only be started at a very low level of income.
Planning the family budget should only be started at a very high level of income.
Planning the family budget should only be started at an average level of income.
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