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Financial Terminology Quiz

Authored by Laura Bruckner

English

5th Grade

CCSS covered

Financial Terminology Quiz
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "afford" mean?

To borrow money

To have enough money to pay for something

To save money for the future

To receive payments for work done

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which word describes money that is borrowed?

Profit

Wages

Loan

Savings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of "profit"?

Money set aside for the future

The chance of loss or harm

The amount of money left after all business costs have been paid

Payments received for work done

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If something is difficult to get or find, it is considered to be what?

Prosperous

Scarce

Risky

Affordable

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "wages" refer to?

Money borrowed

Payments received for work done

The chance of loss or harm

Money set aside for the future

Tags

CCSS.L.5.5C

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to "prosper"?

To borrow money

To do well and become successful

To save money for the future

To have enough money to pay for something

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is "savings"?

Money set aside for the future

The amount of money left after all business costs have been paid

Payments received for work done

The chance of loss or harm

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

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