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Money 101 for Middle School Students - Module 1 Video Questions

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is money mainly used for?

a)

To play games

b)

To buy things

c)

To save time

d)

To make friends

2.

Where do people usually keep their money safe?

a)

In a drawer

b)

In a piggy bank

c)

In a bank

d)

Under a mattress

3.

What does an electronic payment use?

a)

Coins

b)

Checks

c)

Smartphones

d)

Piggy banks

4.

What is a bill?

a)

A type of money

b)

Something you have to pay

c)

A way to earn money

d)

A kind of bank

5.

What happens to your money when you leave it in the bank?

a)

It disappears

b)

It grows with interest

c)

It is spent

d)

It gets lost

6.

What is interest?

a)

Money you earn for spending

b)

Money you lose in the bank

c)

Money the bank pays you for saving

d)

Money you borrow

7.

What is the main purpose of budgeting?

a)

To spend more money

b)

To track spending and manage money

c)

To borrow money

d)

To avoid saving

8.

What is advised to do with some of your income?

a)

Spend it all

b)

Save some as a safety net

c)

Give it away immediately

d)

Hide it under your mattress

9.

According to the video, what percentage of your income is suggested to save?

a)

10%

b)

20%

c)

50%

d)

70%

10.

What can you do with the money saved?

a)

Only spend it

b)

Save, invest, donate, or use for fun