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Worksheets

Personal Finance

Total questions: 12

Worksheet time: 12mins

Name
Class
Date
1.

In the United States, the money is called

a)

franc

b)

pound

c)

dollar

d)

yen

2.

Saving money for college is an example of what reason to save money?

a)

saving for an emergency

b)

saving to earn interest

c)

saving to keep money safe

d)

saving for a big expense

3.

What is the role of banks in our community?

a)

Banks offer us fruits and vegetables.

b)

Banks are a safe place to keep money.

c)

Banks help us get our packages delivered on time.

d)

Banks have many books for us to borrow.

4.

Why would someone wait for a sale when purchasing something?

a)

to earn more interest in the bank

b)

to get the item for a cheaper price

c)

to wait for the supply to increase

d)

to invest the money in somethng else

5.

Why do most people work?

a)

They want to live in big cities.

b)

They want earn money and supply themselves with food, clothing, and shelter.

c)

They want to ride on buses or trains.

d)

They want dress in fancy clothes every day.

6.

Which of the following is an example of an entrepreneur?

a)

a person who works at a grocery store

b)

a person who works for the federal government

c)

a person who starts their own cake decorating business

d)

a person who drives a school bus for a school district

7.

These pictures show some ways that people spend money as buyers in the community. Identify the example that is NOT a buyer in the community.

a)

p person buys a new car or bike

b)

a person buys food for their family

c)

a person buys a new outfit for a party

d)

a person sells cotton candy at a carnival

8.

Which of the following is an example of a person being a seller in your community?

a)

setting up a lemonade stand

b)

giving your friend a toy you don't play with anymore

c)

receiving a new toy for your birthday

d)

buying a new video game

9.

Why is it important to keep a budget?

a)

Budgets make sure you do not spend more money than you can afford.

b)

Budgets can help you save for large purchases.

c)

Budgets show you how much money you get and spend.

d)

All of the above.

10.

In the U.S economy, the Federal Reserve (the Fed) is responsible for

a)

keeping interest rates low and monitoring inflation

b)

providing jobs for all Amercians

c)

collecting taxes from all companies in the U.S.

d)

making sure all children are in school

11.

The government collects _______ from Americans and they help provide services in the community like libraries and fire departments.

a)

coupons

b)

taxes

c)

books

d)

Pokemon cards

12.

What can you do if you want to buy an expensive item?

a)

Save up your money. Every little bit counts!

b)

Beg your parents to buy it for you.

c)

Cry

d)

Throw a tantrum until someone buys it for you.