What is a need?
Financial Planning

Passage
•
Life Skills
•
12th Grade
•
Medium
Edgardo Ramos
Used 2+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Recreational toys
A pair of expensive sneakers
A new video game
Something that is a necessity for survival
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a want?
A new pair of rollerblades
Food
Basic clothing
Water
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is financial literacy?
The process of making a lot of money
Understanding and effectively using various financial skills
Knowing how to save money only
The ability to play financial games
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is opportunity cost?
The cost of missing out on the option not chosen
The benefit of choosing the cheapest option
The cost of the most expensive option
The total cost of all available options
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much money has Frankie earned from mowing her neighbor's lawn and running her own lemonade stand?
$85
$65
$20
$45
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What dilemma does Frankie face?
Deciding whether to save or spend all her money
Choosing between buying a new video game or a movie ticket
Deciding between two types of rollerblades
Choosing between buying rollerblades on sale or going to the movies with friends
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should Frankie do according to the text?
Ask her grandmother for more money
Decide what works best for her considering her values and desires
Buy the rollerblades without hesitation
Go to the movie without considering the rollerblades
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