Money Matters

Quiz
•
Mathematics
•
5th Grade
•
Hard
+12
Standards-aligned
MOHD.KHAIRUDDIN Moe
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the meaning of saving?
Investing in stocks
Spending money recklessly
Setting aside money for future use
Borrowing money from friends
Tags
CCSS.L.1.6
CCSS.L.3.6
CCSS.L.4.6
CCSS.RL.1.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define investment in simple terms.
Putting money in a savings account
Spending money on groceries
Donating to charity
Allocation of money or resources with the expectation of generating income or profit.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain what simple interest is.
Simple interest is an amount of money received by anyone who saved money in a bank within a period of time.
Simple interest is calculated by dividing the principal amount by the interest rate and the time period.
Simple interest is calculated by subtracting the principal amount from the interest rate and the time period.
Simple interest is calculated by adding the principal amount to the interest rate and the time period.
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Can you explain compound interest?
Compound interest is the same as simple interest.
Compound interest is the interest calculated only on the initial principal amount.
Compound interest decreases over time.
Compound interest is an interest received from the savings and interest collected each year. It grows exponentially over time.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the differences between using a credit card and cash?
The expiration date of the card
The size of the bills
The main differences between using a credit card and cash are the involvement of borrowing money, interest charges, and the physical form of payment.
The color of the card
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can saving money help you in the future?
By spending all your money immediately
By relying solely on credit cards
By avoiding any financial planning
By providing financial security during emergencies, allowing for major purchases like a house or car, and enabling retirement savings to ensure a comfortable future.
Tags
CCSS.RI.4.2
CCSS.RI.5.2
CCSS.RL.5.1
CCSS.RL.5.2
CCSS.RL.6.1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to understand the concept of investment?
It is important to understand the concept of investment to make informed financial decisions and achieve long-term financial goals.
Understanding investment is irrelevant for financial decisions
Investment concepts are only useful for short-term goals
Not knowing about investment leads to better financial outcomes
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