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PFL Quiz Flashcards | StudBud

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PFL Quiz

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3rd Grade Personal financial literacy

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Questions 10

Answers

1
The table shows the consumer demand for magnets. Which one should be sold for the most money?
race car magnet
heart magnet
flower magnet
star magnet
2
Read below
debit
credit
interest
tax
3
Walmart stocks school supplies, but they run out. You must pay more for the item. Why is that?
credit
budget
scarcity
cost
4
Lucy earns $5 for cooking and spends $5. She wants to buy a $15 toy. What is a good choice?
Not spending the $5
beg her parents for more money for cooking
Keep making the same choices.
Taking money out of her college savings
5
Read below
He used credit and paid $32
He used credit and paid $49
He used cash and paid $25
He used credit and paid $39
6
Jim teaches 1st grade. Sam sells ice cream. Susan volunteers. Who has the highest income?
They all have the same income.
Sam
Susan
Jim
7
Read below
He made a saving choice and needs $5 to buy the game
He made a saving choice and needs $15 to buy the game
He made a spending choice and can buy the game now.
He made a spending choice and now need $15 to buy the game
8
Read below
Saving money is not for children.
If I save money in my piggy bank , I can earn interest.
If I save a little each week, I can save up to buy something
Saving money means to put money in a bank.
9
Which of the following is a reason that a job may have a higher salary?
The job requires a college education.
The job will be in a tall building.
The job requires wearing a shirt and tie.
The job requires a great deal of walking.
10
You have 90 cents to buy 2 snacks. Your friend wants a soda. You buy it, what's the problem?
buying the soda cost you a snack of your own
buying the soda allows you to buy any snack you want
You can buy 1 soda and 1 candy
You can buy 1 cookie and 1 soda.