What is the best way to look after money? | Exit Quiz | Oak National Academy

What is the best way to look after money? | Exit Quiz | Oak National Academy

8th Grade

5 Qs

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What is the best way to look after money? | Exit Quiz | Oak National Academy

What is the best way to look after money? | Exit Quiz | Oak National Academy

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Hard

Created by

Oak National Academy

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the first version of currency used in China?

Coins

Cowry Shells

Fruit

Sea Shells

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What phrase on a bank note refers to the "Gold Standard"?

“I promise to gift the bearer on demand the sum of…”

“I promise to never pay the bearer on demand the sum of…”

“I promise to pay the bearer on demand the amount of…”

“I promise to pay the bearer on demand the sum of…”

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Jam-Jar account?

A budgeting account which allowed you to split your money up.

A jam jar at home to store your money in

A place where you can choose from different jars

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an investment?

When you pay for something to gain ownership of it.

Where you lend money to other people.

Where you put money into something looking to gain a ‘return’ (more money).

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is financial responsibility?

Choosing a good bank account.

Giving your money to other people to help them.

Saving all your money.

The process of managing money in the best interest of those involved.