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WorksheetsPersonal Financial Literacy Test Review
Total questions: 18
Worksheet time: 3600secs
Name
Class
Date
1.
________ is the money people are paid for the work they do.
a)
Saving
b)
Spending
c)
Goods
d)
Income
2.
________ are activities we want people to do for us like wash the car or paint our house.
a)
Goods
b)
Services
c)
Interest
d)
Borrowing
3.
________ is a fee paid for borrowing money.
a)
Income
b)
Interest
c)
Saving
d)
Borrowing
4.
Ms. Agina was paid for walking dogs. Is this an example of earning income?
a)
Yes
b)
No
5.
Are shoes a good or service?
a)
Good
b)
Service
6.
Is mowing the lawn a good or service?
a)
Good
b)
Service
7.
Is washing a car a good or service?
a)
Good
b)
Service
8.
Is a Pokemon card a good or service?
a)
Good
b)
Service
9.
Mr. Chasin has saved money and deposited into his bank account. He deposited the following each week.
Week 1: $5.00
Week 2: $10.00
Week 3: $10.00
How much more will Mr. Chasin need to save to buy a new video game that cost $50.00?
Week 1: $5.00
Week 2: $10.00
Week 3: $10.00
How much more will Mr. Chasin need to save to buy a new video game that cost $50.00?
a)
$100.00
b)
$25.00
c)
$45.00
d)
$15.00
10.
If Ms. August has $10.00 and wants to buy a shirt for $8.00 and pants for $15.00, how much more money will she need to make her purchase?
a)
$10.00
b)
$13.00
c)
$8.00
d)
$1,000
11.
Taylor Swift paid Ms. Brown to clean her mansion. Did Taylor Swift earn income?
a)
Yes
b)
No
12.
Ms. Dodds is going to the mall with her friends. She has $10.00 she earned for cleaning her family's garage. Does she have enough money to buy a shirt for $8.00 and pants for $15.00?
a)
Yes
b)
No
13.
________ is buying goods and services.
a)
Saving
b)
Spending
c)
Borrowing
d)
Income
14.
________ is when you don't spend all of your money and put it away for later.
a)
Borrowing
b)
Spending
c)
Saving
d)
Income
15.
________ are things people want like food, shoes, toys, and games.
a)
Goods
b)
Services
c)
Borrowing
d)
Spending
16.
________ is to take or receive something with the promise or intention of returning it.
a)
Spending
b)
Income
c)
Interest
d)
Borrowing
17.
Which is an example of saving money?
a)
Putting coins in your piggy bank.
b)
Buying flowers for Ms. Harrington.
c)
Buying tickets to see a movie.
d)
Going to the store and buying a Fidget.
18.
Which description below is an example of a responsible borrower?
a)
Someone who borrows crayons and decides to keep them.
b)
Someone who borrows a pencil and breaks it.
c)
Someone who borrows an eraser and loses it.
d)
Someone who borrows a book and returns it on time.
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