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Understanding Financial Concepts

Authored by Erin Forges

Social Studies

3rd Grade

Used 3+ times

Understanding Financial Concepts
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16 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is a business where people can save their money or borrow money?

Library

Bank

School

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What does it mean to borrow something?

To keep something forever

To ask to use something and then give it back later

To buy something new

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What does it mean to buy something?

To get something for free

To pay money to get a good or service

To borrow something

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What are coins and bills used to pay for things called?

Credit card

Cash

Loan

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is a piece of paper that uses money from a bank account to pay for things?

Cash

Check

Credit card

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What is a card that uses money that is borrowed and must be paid back to pay for things?

Cash

Credit card

Gift card

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

What is a card that uses money from a bank account to pay for things?

Credit card

Gift card

Debit card

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Microsoft

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Apple

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