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WorksheetsEverfi Modules Review
Total questions: 46
Worksheet time: 23mins
. If you have limited means, you _____.
have too much money
b. spend too much money
c. save enough money
d. can’t have everything
When you must give something up in order to get something else, it is called _____.
a. a sound investment
b. an opportunity cost
c. a lost opportunity
d. a limited means
Why do you need to use decision making skills if you have limited means?
Since you are not able to have everything, you must decide what you really need.
b. Making decisions is possible when you can have everything.
c. You have a limited number of decisions.
d. You have too much money which makes decision making hard.
An opportunity cost can make decision making difficult because _____.
you must choose to give up some things in order to get other things
b. the costs might be extremely high
c. it’s hard to make decisions about opportunities
d. you may only get that opportunity once
Before you buy something you want, you should buy _____.
a. something that is cheap
b. something you need
c. something expensive
d. something on sale
Food, water, shelter and clothing are examples of _____.
a. limited means
b. wants
c. needs
d. opportunities
Setting a goal lets you _____.
a. achieve nothing
b. forget next steps
c. achieve what you want to do
d. spend more money
When you have a goal, you can _____.
a. plan out steps to achieve it
b. avoid bad decisions
c. buy more of what you want
d. buy more of what you need
Tracking your spending can help you _____.
a. spend more money
b. make good decisions
c. know where your money is being spent
d. spend less money
Why is saving money important?
a. Saving money can help you meet goals.
b. It’s important to show off how much money you have.
c. It’s important to fill your money jar.
d. Saving money is important for spending.
Buying a cheaper product sometimes can help you _____.
a. create a budget
b. reach a savings goal
c. afford an opportunity cost
d. track spending
If you have a budget, you have _____.
a. afford nicer things
b. spend all the money you want
c. a plan for using your money over a set period of time
d. a good idea of how much money you’ll make
Keeping track of what you earn, spend, and save are they key parts of a _____. a. monthly allowance b. investment strategy c. paycheck d. budget
a. monthly allowance
b. investment strategy
. paycheck
d. budget
Cutting back on expenses can help you save money, which will _____.
a. help you afford nicer things
b. add up fast and help you save for your goalments
c. help you spend more money
d. help you choose the right invest
Which is a reliable source of information when trying to research something you will buy?
a. Friends
b. Advertisements
c. Expert reviews
d. Social media
What kind of information should you find when you want to research buying something?
a. Positive information
b. Negative information
c. Questionable information
d. Reliable information
When you want to buy something, which kind of information may not give you the best information?
a. Reliable information
b. Expert reviews
c. Trustworthy information
d. Product advertisements
When you get paid a certain amount for each hour you work.
Salary
Wage
Gross income
Net income
When you get the same amount of money each week, but you’re expected to work a certain number of hours each week.
Salary
Wage
Gross income
Net income
the amount of money in your paycheck that you take home after paying taxes and anything else that gets taken out of your pay.
Salary
Wage
Gross income
Net income
Something you do to earn money.
job
salary
The type of job you do for a long time.
job
career
Money that goes to the government to pay for things like schools, road repairs, fire department and police come from the _____.
wages we pay.
salaries we get.
taxes we pay.
To be reliable means that you can be trusted.
False
True
A job is _____.
a. something you need to do
b. something you do to earn money
c. something you do when you are bored
d. something you are told to do
A career is _____.
a. a single job you have once
b. the kind of job most people have
c. the type of job you do for a long time
d. the way you save money
How is a career path different from a job?
a. A career path is made up of jobs in the same field.
b. A career path clearly marks how to get a job.
c. A career path is a different type of work than a job.
d. There is no difference---they’re exactly the same.
What would be an example of a money making opportunity for a person your age?
a. A lemonade stand
b. Fixing your family car
c. Riding a bike
d. Painting your neighbor’s house
Imagine you have a friend who is really interested in dogs. What would they need in order to turn that interest into a way of making money?
a. Dogs being sold at a nearby pet store
b. Guard dogs for their own home
c. A dog park across town
d. Dogs in the neighborhood that need walking
Imagine a neighbor needs help with their yard. What would you need in order to turn that into a money making opportunity?
a. Other customers
b. Tools and skills to do the work
c. Opportunity costs
d. None of the above
If someone likes animals and then becomes a zookeeper, they have chosen a career based on _____.
a. income
b. skills
c. interests
d. abilities
If someone can cook and bake and then becomes a chef, they have chosen a career based on _____.
a. salary
b. income
c. interests
d. skills
Why is choosing a career based on interests and skills important?
a. It’s important to like what you do and be able to do it.
b. It’s more important to choose a career based on income.
c. It’s only important to like what you do. Skills are less important.
d. It allows you to earn a salary.
Something you do to earn money.
job
salary
used to buy something now and you will have to pay it back when our bill comes later.
credit card
check
It's good to use cash for smaller things and things you can afford now.
True
False
To be reliable means that you can be trusted.
False
True
If your credit history is good, others are more likely to lend you money if you need it.
False
True
1. Cash is _____.
a. money you’ll borrow
b. money you’ll pay back later
c. money you have today
. money you don’t have
Credit is _____.
a. money you are given and promise to pay back later
b. money you borrow and promise to pay back later
c. money you borrow and don’t have to pay back later
A debt is _____.
a. money you have to pay pack
b. money you don’t have to pay back
c. money used for needs, not wants
d. money used for wants, not needs
Why is a credit card a type of debt?
a. Credit cards are only used in stores and not between friends.
b. Credit card companies charge a small fee to use them.
c. Using a credit card is borrowing money that needs to be paid back later.
d. Using a credit card allows you to earn points and rewards.
Which of the following is not true about credit cards?
a. It can be easy to spend too much when you have a credit card.
b. Other people are more likely to lend you money when your credit history is good.
c. You don’t need to worry about spending too much when you have a credit card.
d. Other people are less likely to lend you money when your credit history is not good.
When is using a credit card a good idea?
a. You want something now that you can’t afford ever.
b. You have the money to buy what you need now.
c. You want something and have included it in your budget
d. You need something now but won’t have the money until the next time you get paid.
A credit history is _____.
a. the first step in creating a budget
b. a record of money you spend
c. a record of how you pay back money you borrow
d. the same thing as a bank statement
When your credit history is good, ______.
a. it’s easier to spend your money
b. other people are more likely to lend you money
c. it’s easier to budget your money
d. you can get a better job
