Financial Literacy Quiz

Why is it important to save money?

What does the word income mean?

Kendra made an income of $10 from her dog walking service.

• Money received from goods and services

• Money you donate

• Services you provide for goods

• Purchasing goods

If Jaxson saves 10 cents everyday for 9 days, how much money will he have?

• 80 cents

• 90 cents

• 90 dollars

• 8 dollars

Which is an example of a producer?

• A mom buying groceries

• A student buying books

• A farmer selling carrots

• Mr. Whitten buying items on Amazon

Which is an example of a service?

• Buying groceries at HEB

• Eating hamburgers at McDonalds

• A waiter working at a restaurant

• A lady paying for a shirt at Target

What happened to the supply and demand of water during the snowstorm?

What is an example of a need?

• XBOX

• Food

• Candy

• Toys

Which is not an example of a want?

• Play Station 5

• Roblox

• Water

• Capri Suns

Name one reason that people save money.

What is one thing that people need to survive.

• Video games

• Toys

• Sparkly nail polish

• Shelter