G1 SS CH5 L4-L5 Quiz

What is a budget?

• A plan for how to use money

• A type of food

• A kind of animal

• A place to visit

What are necessary?

• Things you need

• A type of game

• A kind of fruit

• A place to play

Why do families make a budget?

• To keep track of how much money they spend

• To find new friends

• To learn a new language

• To travel to space

What is the first thing people should buy at the grocery store?

• Things they want

• Things they need

• Toys

• Clothes

What is it called when there is not enough of something?

• Abundance

• Scarcity

• Plenty

• Overflow

Where is a good place to learn about making choices?

• Playground

• Grocery store

• Library

• Park

What are some things people need to live?

• Toys and stickers

• Air, water, food, and clothes

• Video games and candy

• Cars and bikes

Why should we make good choices about how we use our money?

• To buy everything we want

• To have enough for the things we need

• To spend it all quickly

• To impress our friends

What might happen if you buy a toy and stickers first?

• You will have more money left

• You might not have enough money for pencils

• You will get everything you need

• You will save money

Which of the following is something you NEED?

• TV

• McDonald's

• Water

• iPhone