Personal Financial Literacy

Personal Financial Literacy

3rd Grade

15 Qs

quiz-placeholder

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Personal Financial Literacy

Personal Financial Literacy

Assessment

Quiz

Mathematics

3rd Grade

Medium

Created by

Amanda Thraen

Used 18+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 7 pts

Which factors affect human capital?

Shopping Habits and Hobbies

Age and Height

Experience and Skills

2.

MULTIPLE CHOICE QUESTION

15 mins • 7 pts

Which is an example of a person earning wages?

Nathan works as a cashier at a grocery store and gets paid weekly.

Eden volunteers at a school once a week.

Rebeca donates money to the pet shelter.

3.

MULTIPLE CHOICE QUESTION

15 mins • 6 pts

Media Image

A candy store has 380 chocolate bars available to sell. There are 7 people in the store who want to purchase a chocolate bar. Which best describes the situation?

High Supply and High Demand

High Supply and Low Demand

Low Supply and High Demand

Low Supply and Low Demand

4.

MULTIPLE CHOICE QUESTION

15 mins • 6 pts

Media Image

A summer drought destroyed many banana trees in one of the largest farms in a country. What is most likely to happen to the price of bananas?

The price will likely decrease, because there are more bananas.

The price will likely increase, because there are more bananas.

The price will likely increase, because there are less bananas.

The price will likely decrease, because there are less bananas.

5.

MULTIPLE CHOICE QUESTION

15 mins • 7 pts

Which is NOT an example of planned spending?

Brenda made her monthly car payment of $425.

Esteban’s refrigerator suddenly broke down. He had to purchase another refrigerator for $900.

Aida budgets $150 for groceries each week. This week she spent $142 on groceries.

6.

MULTIPLE CHOICE QUESTION

15 mins • 7 pts

Jacob wanted to purchase a new dining room table. He saved $300 each month for five months to collect enough money to buy the table.

What type of spending was the purchase of the dining room table?

Planned Spending

Unplanned Spending

7.

MULTIPLE CHOICE QUESTION

15 mins • 6 pts

Which is an example of credit?

Jake uses the $5 in his pocket to purchase a snack.

Ericka receives $150 as a birthday gift from her friends.

Alejandra borrows $50 from her dad to purchase a game.

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