2nd Grade Financial Literacy

Question 1

What would be the most important thing to buy with money you earned?

Accepted Answer

food

Question 2

If you want to save money, what should you to it?

Accepted Answer

put in the bank

Question 3

Sam borrows $5 from Bob, but is not sure when she can pay him back.

Accepted Answer

irresponsible

Question 4

Stephanie earned $199 for working & put it in the bank.Is that a withdrawal or deposit?

Accepted Answer

deposit

Question 5

Liz had $50. Now she has $15. Did Liz save her money or spend her money?

Accepted Answer

spending money

Question 6

Tyler had $13. Now he has $20. Did he save his money or spend it?

Accepted Answer

saving money

Question 7

David bought groceries at HEB for $49.

Accepted Answer

withdrawal

Question 8

Kylie bought some fruit from the store? Is she a producer or a consumer?

Accepted Answer

consumer

Question 9

The amount of money someone makes is called their....

Accepted Answer

income

Question 10

What happens when you spend money?Does the amount of money increase, decrease or stay the same

Accepted Answer

decrease

Question 11

Alex borrowed a book and accidentally ripped a page out of it. What is the best thing to do?

Accepted Answer

Buy Jack a new book.

Question 12

David borrows a book from a friend and returned it. Responsible or Irresponsible?

Accepted Answer

responsible

Question 13

Larry had $74. Now he has $43. Did he spend his money or save his money?

Accepted Answer

spending money

Question 14

Lauren made necklaces to sell at a craft show. Is she a producer or a consumer?

Accepted Answer

producer

Question 15

Which could be a reason why you might lend a friend something?

Accepted Answer

The take care of things and return things.

Question 16

What is it called when you put money away in a safe place to be used at a later point?

Accepted Answer

saving

Questions 16