Personal Finance 4th

Personal Finance 4th

4th Grade

8 Qs

quiz-placeholder

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Personal Finance 4th

Personal Finance 4th

Assessment

Quiz

Social Studies

4th Grade

Practice Problem

Hard

Created by

Kimberly Harris

Used 6+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a budget?

A plan for saving and spending

A type of currency

A shopping list

A financial institution

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does the term "expenditures" mean?

Money saved for future use

Money spent to purchase goods and services

Money borrowed from a bank

Money earned from a job

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the definition of "income"?

Money you earn or receive

Money you spend

Money you shop with

Money you find

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following best describes "savings"?

The money you spend immediately

The money you keep and set aside to use in the future

The money you borrow from a bank

The money you lost at school

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the term used to describe the things we lose because of our decisions?

Benefit

Cost

Profit

Gain

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the definition of the term "benefit" in Social Studies?

Negatives that come from our decisions

Positives that come from our decisions

The process of making decisions

The consequences of our actions

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the term for what you give up to get something, a trade-off?

Opportunity cost

Profit

Revenue

Expense

8.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does the term "cost" refer to in decision-making?

Things we gain because of our decisions

Things we lose because of our decisions

Positives that come from our decisions

Things we ignore because of our decisions