Financial Literacy Unit Test

Quiz
•
Mathematics
•
4th Grade
•
Easy
+15
Standards-aligned
Latasha Owens
Used 8+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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