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Financial Literacy Quiz

Total questions: 10

Worksheet time: 16mins

Name
Class
Date
1.

Why is it important to save money?

4 lines
2.

What does the word income mean?


Kendra made an income of $10 from her dog walking service.

a)

Money received from goods and services

b)

Money you donate

c)

Services you provide for goods

d)

Purchasing goods

3.

If Jaxson saves 10 cents everyday for 9 days, how much money will he have?

a)

80 cents

b)

90 cents

c)

90 dollars

d)

8 dollars

4.

Which is an example of a producer?

a)

A mom buying groceries

b)

A student buying books

c)

A farmer selling carrots

d)

Mr. Whitten buying items on Amazon

5.

Which is an example of a service?

a)

Buying groceries at HEB

b)

Eating hamburgers at McDonalds

c)

A waiter working at a restaurant

d)

A lady paying for a shirt at Target

6.

What happened to the supply and demand of water during the snowstorm?

4 lines
7.

What is an example of a need?

a)

XBOX

b)

Food

c)

Candy

d)

Toys

8.

Which is not an example of a want?

a)

Play Station 5

b)

Roblox

c)

Water

d)

Capri Suns

9.

Name one reason that people save money.

4 lines
10.

What is one thing that people need to survive.

a)

Video games

b)

Toys

c)

Sparkly nail polish

d)

Shelter