Saving Money

Saving Money

9th Grade

17 Qs

quiz-placeholder

Similar activities

Savings Test Reveiw

Savings Test Reveiw

9th - 12th Grade

18 Qs

Understanding Incomes and Expenses

Understanding Incomes and Expenses

6th Grade - University

12 Qs

Budgeting - Outcome Assessment

Budgeting - Outcome Assessment

9th - 12th Grade

16 Qs

Budgeting Terms Quiz

Budgeting Terms Quiz

9th Grade

15 Qs

Chapter 4 Financial Decisions and Planning

Chapter 4 Financial Decisions and Planning

8th Grade - University

22 Qs

Budgeting Unit Review

Budgeting Unit Review

9th - 12th Grade

20 Qs

Personal Finance - Chapters 1&2

Personal Finance - Chapters 1&2

9th - 12th Grade

20 Qs

Emergency Fund

Emergency Fund

9th - 12th Grade

12 Qs

Saving Money

Saving Money

Assessment

Quiz

Financial Education

9th Grade

Easy

Created by

Mengkorn Pum

Used 1+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Luna is trying to decide between buying a new video game and getting groceries for the week. Define the difference between a want and a need in her situation.

A want is a requirement for happiness; a need is an optional desire.

A want is a non-essential desire; a need is a necessity for survival.

A want is something you can live without; a need is something you can buy.

A want is a basic necessity; a need is a luxury.

2.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

3. Why is it important for Emma to distinguish between wants and needs when budgeting?

Wants and needs are the same and do not affect budgeting.

Budgeting is only about tracking income, not expenses.

It is important to prioritize essential expenses over non-essential ones to maintain financial stability.

Distinguishing between wants and needs is irrelevant for financial planning.

3.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

4. If Zoe saves $10 a week, how much will she have saved in 5 weeks?

$50

$40

$60

$30

4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

5. Aria wants to create a savings plan for her future. What is the first step she should take?

Create a budget for entertainment expenses.

Start investing in stocks immediately.

Assess your current financial situation.

Open a high-interest savings account without planning.

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Avery wants to buy a video game that costs $60 and she saves $15 a month. How many months will it take her to save enough?

4 months

5 months

6 months

3 months

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

7. Anika is trying to understand what an interest rate is. Can you explain it in your own words?

An interest rate is a fee charged by banks for opening a savings account.

An interest rate is the total cost of a loan divided by the number of payments.

An interest rate is a fixed amount of money paid regardless of the loan amount.

An interest rate is a percentage that indicates how much extra money will be paid on a loan or earned on savings over time.

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

8. If Samuel deposits $100 in a bank account with a 5% annual interest rate, how much interest will he earn in one year?

$5

$10

$2.50

$15

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?