Financial Literacy Quiz (TEK 2.9A & 2.9D)

What is saving?

• Spending money right away

• Keeping money to use later

• Giving all money to a friend

• Losing money

Why is saving money important?

• To buy everything we see

• To be ready for future needs and wants

• To spend more than we have

• To get rid of extra money

Tags

CCSS.RI.1.1

CCSS.RI.1.2

CCSS.RI.2.1

CCSS.RL.2.1

CCSS.RL.2.2

Which of the following is a want?

• Water

• House

• Video game

• Food

What is the best reason to start saving money?

• To make sure we have money for emergencies or big purchases

• To buy candy every day

• To give all our money to others

• To spend money as fast as possible

If you save $5 every week, how much will you have after 4 weeks?

(a)  

Tags

CCSS.3.OA.A.3

Where is a safe place to keep your savings?

• Under your bed

• In a piggy bank or bank account

• On the table

• In a toy box

Which of these is a need?

• Ice cream

• New shoes for school

• A toy car

• A movie ticket

• Spend the $40 and hope you get the rest later

• Save more money until you have $100

• Borrow money and never pay it back

• Stop wanting a bike

Tags

CCSS.4.MD.A.2

What happens if you spend all your money and don't save any?

• You will always have enough for later

• You might not have money when you really need it

• You will get free money from others

• You will always be rich

What is an example of a long-term savings goal?

• Buying a candy bar today

• Saving for a family vacation next year

• Buying a toy tomorrow

• Getting ice cream this weekend