Saving Money

Saving Money

6th Grade

25 Qs

quiz-placeholder

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Saving Money

Saving Money

Assessment

Quiz

English

6th Grade

Medium

CCSS
RL.8.3, RL.5.3, RL.5.1

+38

Standards-aligned

Created by

Sarah Williams

Used 2+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Why do people save money?

To buy gold.

People save money so that they can buy things they need or want in the future.

To have fun.

To give to their children.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is the meaning of "Bank"?

Something a person aims for.

Money loaned to the government.

A business where people keep their money.

Things people must have to survive.

Tags

CCSS.RI.5.4

CCSS.RI.6.4

CCSS.RL.5.1

CCSS.RL.6.4

CCSS.RL.7.4

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Why do people buy savings bonds?

To sell them.

They earn interest on them.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is the meaning of "Savings"

Times when items are sold cheaper.

Funds set aside for unexpected costs.

Things people would like to have.

Something a person aims for.

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is it important to track your spending when trying to save money?

Because tracking spending has no impact on saving money

To identify areas where you can cut back and save more effectively.

To increase debt and overspend

To splurge on unnecessary items

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are some strategies to cut down on unnecessary expenses?

Ignore tracking expenses

Create a budget, track expenses, avoid impulse purchases, negotiate bills, meal plan, find cheaper alternatives

Stick to the same expensive habits

Spend more money on unnecessary items

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

For which of the following should you save?

purchases

emergency fund

wealth building

all the above

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