MoneyWeek2024
Authored by Zsuzsanna Polyak
English
6th Grade
Used 4+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is a need?
Something that would be fun to have but you can live without
A plan for managing your money
Something you must have to survive
Money you borrow from someone else
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a budget?
A place where you put money that you intend on saving for a while
Money you borrow from someone else
Something you must have to survive
A plan for managing your money
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the difference between a need and a want?
A need is something you must have to survive, a want is something that would be fun to have but you can live without
A need is something that would be fun to have but you can live without, a want is something you must have to survive
A need is something you must have to survive, a want is money you borrow from someone else
A need is a plan for managing your money, a want is a place where you put money that you intend on saving for a while
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is a savings account used for?
For money that you are planning to save for a while and earn you interest
To pay for bills and other immediate needs and wants that do not earn interest
A plan for managing your money
A place where you put money that you intend on saving for a while
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is a checking account used for?
For money that you are planning to save for a while and earn you interest
A plan for managing your money
To pay for bills and other immediate needs and wants that do not earn interest
A place where you put money that you intend on saving for a while
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is a credit card?
A plan for managing your money
A small hard plastic card that is issued by a credit card company or other financial institution
A type of loan because using a credit card means you are borrowing money from the company who issued the card
A place where you put money that you intend on saving for a while
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is a loan?
Money you borrow from someone else that must be repaid
A plan for managing your money
A small hard plastic card that is issued by a credit card company or other financial institution
A type of loan because using a credit card means you are borrowing money from the company who issued the card
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