11.2 Spend Withdrawal Borrow Math Practice Test

Which example below best represents saving money?

• Receiving money as a gift for my birthday.

• Putting the money I received for my birthday in my piggy bank.

• Taking the money from my piggy bank to buy a candy at the store.

• Getting $2 from my mom for doing chores around the house and buying an ice cream.

Which statement best describes a withdrawal?

• Put all my savings from my lemonade stand in the bank.

• Borrow money from my brother to buy a new video game.

• Taking money from my savings account to buy a gift for my best friend’s birthday.

• Spend $2 playing games at the school festival.

Pedro went to the bank and withdrew $5 to buy a gift for his teacher. Which statement is NOT true?

• Pedro made a withdrawal of $5.

• Pedro spent money to buy a gift for his teacher.

• Pedro has $5 less in savings.

• Pedro deposited $5 at the bank to buy a gift for his teacher.

Which best describes a place to keep your money safe?

• a sock

• a backpack

• a bank

• a pocket

Nora borrowed $20 from her sister to buy a new pair of skates. She paid her sister $5 each week. How many weeks did it take Nora to pay her sister back?

• 8

• 4

• 2

• 6

A person who buys or uses goods and services can be defined as a ________.

• producer

• banker

• service

• consumer

Kevin bought a new coat for a school performance. The company that manufactured the coat can be described as a ________.

• consumer

• goods

• producer

• deposit

Sandy borrowed a guitar from a friend because she had forgotten hers. During the practice, the guitar got damaged. Which describes what a responsible borrower would do?

• Hide and never return the guitar.

• Repair the guitar and return it to her friend.

• Keep the guitar.

• Return the damaged guitar as is.

Corinne borrowed $20 from Tom. She told him she would repay the money in 3 weeks. She created the schedule below to outline how she would pay Tom back.

Corinne promised Tom she would pay back all the money she borrowed in 3 weeks. According to the information from the table, it took Corinne longer than 3 weeks to pay Tom back. How much longer than 3 weeks did it take her to pay him back?

• A) 4 weeks

• B) 5 weeks