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Financial Literacy Post-Test

Total questions: 18

Worksheet time: 5hrs 30mins

Name
Class
Date
1.

An amount of money parents regularly give children is _______.

a)

save

b)

allowance

c)

spend

2.

A safe place to keep money until it is needed is _________.

a)

under your bed

b)

in a bank account

c)

in a desk

3.

To use something that belongs to someone else is to _______.

a)

loan

b)

borrow

c)

pay

4.

Someone who buys goods or services is a _________.

a)

consumer

b)

save

c)

producer

5.

The amount of money needed to buy something is ______.

a)

borrow

b)

cost

c)

producer

6.

To put money in a bank account is a __________.

a)

withdraw

b)

deposit

c)

spend

7.

To receive money for work is to _________.

a)

save

b)

earn

c)

producer

8.

What is it called when you earn money?

a)

income

b)

deposit

c)

withdraw

9.

What is another word for work?

a)

borrow

b)

lend

c)

labor

10.

Things that are made to be sold are ______.

a)

goods

b)

services

c)

income

11.

A fee paid for using money that is loaned is _______.

a)

interest

b)

services

c)

deposit

12.

To let someone borrow something

a)

deposit

b)

loan/lend

c)

borrow

13.

A person or business that makes goods or provides services

a)

deposit

b)

producer

c)

consumer

14.

To keep money instead of spending it

a)

save

b)

spend

c)

goods

15.

To use money to pay for things you want or need

a)

save

b)

spend

c)

producer

16.

Work done by a person who does not produce goods

a)

withdraw

b)

services

c)

deposit

17.

To take money out of a bank account

a)

withdraw

b)

save

c)

deposit

18.

An organization that helps others in need

a)

the school

b)

the bank

c)

a charity