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Worksheets

Kids Week #2

Total questions: 32

Worksheet time: 57mins

Name
Class
Date
1.

What is interest?

a)

Being really into something

b)

The extra Money a bank will pay you for keeping your money with them

c)

The extra money you would owe when you take out a loan

d)

Money you loose when the bank uses your money

2.

What was the first culture to develop a banking system?

a)

Greek

b)

Roman

c)

African

d)

Chinese

3.

Who was the only women to have ever appeared on a US Bill?

a)

Martha Washington

b)

Harriet Tubman

c)

Clara Barton

d)

Sojourner Truth

4.

What material is the US dollar made from?

a)

Paper

b)

Bamboo

c)

Spandex

d)

Cotton and Linen

5.

If you deposit $100 into your account and earn 6% interest in 1 year, how much interest have you earned?

a)

$0.00

b)

$0.06

c)

$0.60

d)

$6.00

6.

How many times can you fold a dollar ill back and forth before it will tear?

a)

1000

b)

4000

c)

6000

d)

10,000

7.

How man grooves are on the edge of a Quarter?

a)

100

b)

117

c)

119

d)

120

8.

TRUE OR FALSE: The same value of dimes and quarters weigh the same: a dollar’s worth of dimes will perfectly balance a dollar of quarters on a scale.

a)

TRUE

b)

FALSE

9.

Fill in the blank: A penny saved is a penny (a)  

10.

Almost half of all billed printed by the US treasury are what denomination?

a)

$1.00

b)

$5.00

c)

$10.00

d)

$20.00

11.

How much does 5 pennies, 2 nickels, 3 dimes and 2 quarters equal?

a)

$0.90

b)

$0.95

c)

$0.99

d)

$1.03

12.
Why is money green?
a)
It's difficult to counterfeit
b)
It's the cheapest dye to use
c)
It's Christopher Columbus' favorite color
d)
It comes from the leaves on the trees
13.
Counterfeiting money is a felony crime resulting in how many years in prison?
a)
5
b)
10
c)
15
d)
25
14.
How long do coins that are in circulation last?
a)
forever
b)
10 years
c)
20 years
d)
30 years
15.
One dollar and five dollar bills that are in circulation last about 2 years.  How long do $20 bills last?
a)
4 years
b)
6 years
c)
8 years
d)
10 years
16.
The oldest form of money in the United States is
a)
iron
b)
animal skin
c)
tea
d)
gold
17.
The oldest form of money in the WORLD is
a)
stones
b)
seashells
c)
cattle
d)
seeds
18.
What is the Federal Reserve?
a)
Agency responsible for international trade
b)
Central credit union
c)
Agency responsible for collecting taxes
d)
Central bank of the U.S.
19.
Which of the following is NOT one of the characteristics of money?
a)
durable
b)
stable
c)
scarce
d)
affordable
20.
What is equal to 100 cents?
a)
$1.00
b)
$100.00
c)
$30.00
d)
$2.50
21.
You owe $14.53.  You pay with a $20.00 bill.  What is your change?
a)
$5.43
b)
$5.47
c)
$5.42
d)
$4.75
22.
What coins would you use to make $0.84?
a)
2 quarters, 2 dimes, and 1 nickel
b)
3 quarters and 1 dime
c)
3 quarters, 1 nickel, 4 pennies
23.

What effect does inflation have on the purchasing power of money?

a)

Causes it to go down

b)

Causes it to go up

c)

None

d)

The effect varies depending on the time and place.

24.

To spend less money and put some aside.

a)

save

b)

afford

c)

lend

d)

borrow

25.

A plan for spending and saving

a)

credit card

b)

a budget

c)

reward

d)

wages

26.

The cost required for something.

a)

money

b)

budget

c)

expense

d)

lend

27.

Money received regularly for work.

a)

wages

b)

income

c)

budget

d)

stipend

28.

Who is the person or company that lends you money?

a)

creditor

b)

credit

c)

credited

29.

What is the noun used for the extra money paid for borrowing money?

a)

interesting

b)

interested

c)

interest

30.

Count the money.

a)

$0.85

b)

$0.80

c)

$0.90

31.

Count the money.

a)

$0.62

b)

$0.57

c)

$0.67

32.

Count the money.

a)

$0.37

b)

$0.42

c)

$0.27