
Personal Finance 4th
Authored by Kimberly Harris
Social Studies
4th Grade
Used 6+ times

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8 questions
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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
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