Weekly 25- Economic Choices
Quiz
•
Social Studies
•
3rd Grade
•
Practice Problem
•
Medium
Selena Garcia
Used 18+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why do people earn money according to the text?
To go on vacation
To buy things they need and want
To save it all for retirement
To invest in the stock market
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is one of the things people spend money on for their health?
Gym memberships
Doctor's visits
Vitamins
Health insurance
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to the text, what can people buy after meeting their needs?
More needs
Things they want
Gifts for others
Business supplies
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the main purpose of banks and credit unions according to the text?
To lend money to people for buying expensive things.
To help people set up a loan and keep their money safe.
To provide loans for purchasing a car only.
To save money at home in a piggy bank.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What do you agree to when you take out a loan?
To pay the money back over a certain amount of time without interest.
To pay the money back immediately.
To pay the money back over a certain amount of time with interest.
To never pay the money back.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the term used for the money you owe when you have borrowed it?
Savings
Donation
Debt
Credit
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why do many people choose to save money?
To spend it immediately on small purchases.
To buy things later, such as a car or a house.
Because they have to pay interest on savings.
To lend it to others.
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