Financial Literacy Unit Test

Financial Literacy Unit Test

4th Grade

20 Qs

quiz-placeholder

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Financial Literacy Unit Test

Financial Literacy Unit Test

Assessment

Quiz

Mathematics

4th Grade

Easy

4.10.E, CCSS.3.OA.D.9, CCSS.7.NS.A.3

+15

Standards-aligned

Created by

Latasha Owens

Used 8+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of these statements does not describe the primary services of a bank?

Statements II and IV only

Statements I, II, and IV only

Statements I and III only

Statements II, III and IV only

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Maria wants to spend less money in May. Which variable expenses could she reduce? Select all that apply.

Reduce dining out expenses

Stop paying her health insurance

Lower her rent

Spend less on her car payment.

Cut down on entertainment costs

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Ms. Owens loves thrifting. She buys and sells gently worn clothes. Ms. Owens purchased a dress, a sweater, and shorts for a total of $11.62. She then sold each item for the price shown in the list.

-She sold the dress for $24.55

-She sold the sweater for $12.65

-She sold the shorts for $8.25.

What was Ms. Owens’s total profit from selling the dress, sweater, and shorts?

Tags

CCSS.6.NS.B.3

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

You ___________ money from your account when you make a withdrawal.

add

subtract

divide

multiply

Tags

4.10.E

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which statement best describes a primary service of a bank?

Banks offer checking and savings accounts to their customers.

Banks help customers decide which expenses to pay.

Banks help customers meet their neighbors.

Banks sell stamps and deliver mail.

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.3.1

CCSS.RL.4.1

CCSS.RL.5.2

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of these services is not provided by a financial institution such as a bank or credit union?

Informing customers of the amount of money in their accounts

Informing customers of how the money in their accounts must be spent

Providing cash when customers make withdrawals from their accounts

Providing loans to customers that can be paid back over time with interest

Tags

4.10.E

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which situation shows a financial institution as a borrower?

Sylvie uses a credit card to pay for an online purchase

Menka borrows money to pay for a course as a dental assistant

Timothy deposits his paycheck into a savings account

Bea takes out a loan to help her buy a house.

Tags

4.10.E

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