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Worksheets

Financial Literacy

Total questions: 10

Worksheet time: 3hrs 30mins

Name
Class
Date
1.

It's 11:00 at night and you remember that a bill is due tomorrow. You don't have enough money in your checking account. Luckily you can pay with your credit card. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving

2.

You earn money for doing chores. Half will go into your account at the bank. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving

3.

You really want a game system. Each week you decide to put some of your allowance in a special place in your room. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving

4.

You washed your mom's car and then vacuumed it. She paid you $10. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving

5.

Your aunt and uncle went to see a movie. You babysat your cousin while they were gone. They paid you $12. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving

6.

There is a huge sale at the mall and you want to buy a new pair of jeans. You make the purchase. What is this?

a)

saving

b)

income

c)

spending

d)

charitable giving

7.

You volunteer at the children's shelter. You decide to leave a donation of winter coats for them. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving

8.

Dad needs a new lawnmower but doesn't have enough cash. The store agrees to let him pay it out in 24 monthly payments, but he will have to pay interest. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving

9.

You make a $15 deposit at the bank. In 4 months you should have enough for the new shoes you've been wanting. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving

10.

Grandma pays you $20 to pull weeds and trim bushes in her backyard. What is this?

a)

saving

b)

income

c)

credit

d)

charitable giving