Budgets and Money

Budgets and Money

1st Grade

10 Qs

quiz-placeholder

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Budgets and Money

Budgets and Money

Assessment

Quiz

Life Skills

1st Grade

Practice Problem

Hard

Created by

Elizabeth Thomas

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many cents are in a dollar?

200

100

75

50

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A budget is a type of fruit.

A budget is a type of car.

A budget is a financial plan.

A budget is a type of animal.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to save money?

There are no benefits to saving money

Saving money helps in building financial stability and achieving long-term financial objectives.

Financial stability is not important

Spending money recklessly is more fun

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to spend wisely?

Spending recklessly without considering the consequences

Investing all money in high-risk ventures

Making informed decisions about how to allocate resources in a way that maximizes value and minimizes waste.

Ignoring budget constraints and overspending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is credit?

Credit is the ability of a customer to obtain goods or services before payment.

Credit is the inability of a customer to obtain goods or services before payment.

Credit is the process of exchanging goods for services without payment.

Credit is the ability of a bank to obtain goods or services before payment.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where can you keep your money to earn interest?

Under your mattress

Buried in the backyard

In a shoebox

Savings account at a bank

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you have 5 quarters, how much money do you have?

$0.75

$2.00

$1.25

$0.50

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