Financial Literacy Quiz

Financial Literacy Quiz

5th Grade

17 Qs

quiz-placeholder

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Financial Literacy Quiz

Financial Literacy Quiz

Assessment

Quiz

English

5th Grade

Hard

Created by

Manu Engelbrecht

Used 1+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "afford" mean?

To borrow money

To have enough money to buy something

To lose something

To work for wages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a "loan"?

Money you keep in savings

Money you borrow and must pay back

Extra money you earn

The price of an item

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "profit" mean?

The cost of something

Money you borrow

Money left after all expenses are paid

Money saved for later

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "prosper" mean?

To do well and succeed, especially with money

To take a risk

To borrow money

To spend all your savings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "risk" mean?

The chance of losing something

Saving money

Paying wages

Making a profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are "savings"?

Money you borrow

Money you keep instead of spending

Money you earn from a job

Extra profit from sales

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "scarce" mean?

Easy to find

Hard to find and not enough of something

Extra money

A type of loan

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