Financial Literacy for Students

Financial Literacy for Students

3rd Grade

12 Qs

quiz-placeholder

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Financial Literacy for Students

Financial Literacy for Students

Assessment

Quiz

English

3rd Grade

Easy

Created by

Claudia Abreu

Used 7+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

It's a type of investment strategy.

It's a document for tracking employee performance.

It's a financial plan for managing income and expenses.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is saving money important?

It's only for the wealthy.

It's important for financial security and achieving future goals.

It's unnecessary for anyone.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a need?

It's a temporary desire for something.

It's a basic requirement essential for survival or well-being.

It's a luxury item that enhances comfort.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you make a budget?

List income, categorise expenses, allocate funds, and track spending.

Only budget for fixed costs

Spend freely without tracking

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where can you keep your money safe?

in a public park

under the mattress

bank account, safe deposit box, home safe

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a bank account?

It's is a physical location where money is stored.

It's a type of loan from a bank.

It's a financial account for managing money with a bank.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to save money?

To borrow money from others.

To set aside a portion of income for future use instead of spending it.

To spend all your income immediately.

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