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Personal Finance

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What are needs?

a)

things we buy or use

b)

things we must have to live

c)

things we want

2.

Which is an example of something you need to survive?

a)
b)
c)
3.

What is a good?

a)

things we buy or use

b)

things we must have to live

c)

hard jobs

4.

What do people need to live?

a)

toys, candy, and books

b)

deserts, forests, and oceans

c)

air, food, water, and shelter

5.

A want is something you MUST have to live.

a)

True

b)

False

6.

Which of the following is a service people provide?

a)

teacher

b)

fire truck

c)

washing cars

7.

Who provides the service of keeping people safe?

a)

artist

b)

Police Officer

c)

mailman

8.

What is a producer?

a)

a person who sells things

b)

a person who buys things

c)

a person who makes things

9.

What are you called if you buy or use a good?

a)

teacher

b)

consumer

c)

want

10.

Which of these workers does NOT make a good?

a)

doctor

b)

factory worker

c)

baker

11.

What does the word spend mean?

a)

save

b)

keep

c)

pay

12.

What does the word save mean?

a)

to buy

b)

to put away and keep

c)

to spend

13.

A brand new bike is a want.

a)

True

b)

False

14.

What is income?

a)

Money a person makes at a job.

b)

Money a person saves at a bank.

c)

Money a person spends on goods.

15.

It is a good idea to spend all your money on things you want.

a)

True

b)

False