Money Management Quiz

Melissa asked her class to stay after school on Thursday to discuss her new idea. She explained to the group that they should hold a bake sale to earn money to help build the new playground. What will they do with the money they make?

• earn it

• donate it

• save it

• borrow it

Louisa went to the store with her father. She used her birthday money to buy a new sweater and a hat to match. She spent all of her money. What could she have done with some of the money, so that she would have some to spend later?

• donated

• spent

• sold

• saved

Families must budget their money. They earn it, then spend some of it on ___________ like groceries. What BEST completes the sentence above?

• profits

• goods

• services

• savings

Which of the following is a way to save money?

• buy toys for all of your friends

• keep a little of what you earn and put it in a bank

• do chores around the house to help your parents

• start a dog walking business

Review this list. - Humane Society of the U.S. - American Cancer Society - American Heart Association What do these groups have in common?

• you can buy things from them

• they will do your homework

• you can donate money to them

• they are places to play

Which is TRUE about Rosa's budget?

• She earned more than she spent.

• She spent more than she earned.

• She spent less than she earned.

• She spent less than she saved.

Raul made some lemonade. He sold it at a lawn sale. He received $4.00. How would you describe what Raul has done?

• consuming

• volunteering

• earning

• spending

Read Lillian's budget for April. Use it to answer the question. Which is TRUE about Lillian's budget?

• She saved less than she spent.

• She received less than she saved.

• She saved more than she received.

• She spent more than she received.

Why do mittens cost LESS in the summer than in the winter?

• because people like to keep their hands warm in the summer

• because few people use them in the summer

• because everyone rides bikes in the summer

• because children play outside more in the summer

On Monday, a toy store had 25 new Spin Sticks for sale. By Friday, one had sold. What will LIKELY happen?

• Price will decrease.

• Scarcity will decrease.

• Demand will increase.

• Supply will increase.