WorksheetsLesson 11: Using Money Wisely Quiz
Total questions: 11
Worksheet time: 6mins
Name
Class
Date
1.
Type your name below.
4 lines
2.
1. Peter saved money in a bank. The money he saved earned _________________.
a)
interest
b)
invest
3.
2. Fixing a broken machine is a wise way a business can _________________.
a)
interest
b)
invest
4.
3. If you save money, you are ________________.
a)
setting it aside for later
b)
using it on the things you want now
c)
inventing new machines
d)
buying expensive toys
5.
4. Money that you put in a savings account _________.
a)
earns interest
b)
is gone forever
c)
can't be taken out
d)
is put in a piggy bank
6.
5. Which of the following is a way that a business can use its money wisely?
a)
It can use more expensive resources.
b)
It can buy machines that make goods.
c)
It can decide NOT to fix things that are broken.
d)
It can buy lunch daily for all the employees.
7.
6. Why do businesses spend money to invent things?
a)
to save money for later
b)
to put money in the bank
c)
to help fix broken machines
d)
to make new and better goods to sell
8.
7. Piggy banks are used to save large amounts of money.
a)
True
b)
False
9.
8. Businesses can choose to spend LESS money by choosing different resources to use
a)
True
b)
False
10.
9. Money that you work for by doing chores or other jobs is money that you invent.
a)
True
b)
False
11.
10. When you earn money you have two choices to make: spend or save.
a)
True
b)
False
100 %
