Benchmark G5

Benchmark G5

5th Grade

16 Qs

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Benchmark G5

Benchmark G5

Assessment

Passage

Business

5th Grade

Practice Problem

Hard

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What are the most costly expenses in a family?

Vacation and travel

Entertainment and hobbies

Purchase of new equipment

Food and education

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What does 'setting spending priorities' mean?

Choosing the most expensive options

Determining the most important and necessary expenses to allocate funds

Spending as needed

Saving the majority of income

3.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

What is a family's plan for income and expenses over a specific period of time?

4.

OPEN ENDED QUESTION

15 mins • 1 pt

Should a family whose main income is from renting out apartments take a loan? If not, why should they not take a loan.

Evaluate responses using AI:

OFF

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the safest way to store money?

Storing money in cash

Bank account or deposit in a reliable bank

Investing in high-risk stocks

Storing money on a regular debit card

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What can be considered as savings?

Investing in a business for manufacturing bank safes

Opening a bank deposit

Purchasing bonds (securities) issued by a commercial bank

Purchasing a gold bullion in a bank

All answers are correct

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

At what income level per family member per month should family budget planning begin?

Planning the family budget is recommended regardless of the level of income.

Planning the family budget should only be started at a very low level of income.

Planning the family budget should only be started at a very high level of income.

Planning the family budget should only be started at an average level of income.

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