WorksheetsBasic Financial Literacy Quiz- Grand Finale
Total questions: 20
Worksheet time: 10mins
Which of the following is an example of a "need"?
A new video game
Water to drink
A toy robot
A fancy hat
What does it mean to "save" money?
To spend all your money at once
To keep some money for later
To give away all your money
To lose your money
Which of these is an example of a "want"?
Food to eat
Medicine when you are sick
A new bicycle
Clothes to wear
If you have #10 and you want to buy a toy that costs #15, what should you do?
Buy the toy anyway
Save more money until you have enough
Take the toy without paying
Ask for a discount and pay #5
What is a "budget"?
A list of your favorite foods
A plan for how to spend and save your money
A type of bank account
A shopping bag
Which of the following is an example of entrepreneurship?
Doing your homework
Starting a lemonade stand
Playing video games
Watching TV
If you have to choose between buying a book for #5 or a toy for #5, but you only have #5, what should you use?
Scale of preference
A calculator
A piggy bank
A shopping cart
What does it mean to "negotiate" when buying something?
To pay more than the price
To talk and agree on a fair price
To take the item without paying
To ignore the seller
If you save #2 every week, how much will you have after 4 weeks?
#4
#6
#8
#10
Which of these is the best example of a "need"?
Ice cream
Shoes to wear to school
A toy car
A comic book
Why is it important to have a budget?
To spend all your money quickly
To help you plan and not run out of money
To buy only toys
To forget about your money
Which of the following is NOT a good way to save money?
Spending less than you earn
Keeping money in a piggy bank
Spending all your money on candy
Saving a part of your allowance
If you want to start a small business, what is the first thing you should do?
Spend all your money
Make a plan for your business
Buy everything you see
Close your business
Which of these is an example of using a scale of preference?
Buying everything you want
Choosing to buy a school bag instead of a toy because you need it more
Not buying anything
Giving away your money
If you want to buy a toy for #12 and you have #8, how much more do you need to save?
#2
#4
#6
#8
What is the main goal of saving money?
To spend it all at once
To have money for future needs or emergencies
To lose it
To give it away
Which of these is a good way to earn money as a student?
Doing chores at home for an allowance
Taking money from others without asking
Spending all your money
Not doing anything
If you want to buy a book for #5 and a snack for #3, how much money do you need in total?
#7
#8
#9
#10
When you negotiate, what should you do?
Shout at the seller
Talk politely and try to agree on a price
Take the item and run
Ignore the seller
If you have #2,000 and you spend #700 on a book and #500 on a snack, how much money do you have left?
#600
#700
#800
#900
