Why do people make a budget?

To plan how to spend and save money

What is one good reason to save money?

To buy something important later

Money you get regularly from a job

A job you can do for a long time and grow in

What is the stock market?

A place to buy and sell company shares

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Financial Literacy Exam Review 5th and 6th Grade

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Questions 16

Answers

1
A fixed regular payment, typically paid on a monthly or biweekly basis
Debt
Salary
Financial Management
Stock Market
2
Why do people make a budget?
To borrow money
To buy more toys
To spend all their money
To plan how to spend and save money
3
Which one is an example of debt?
Money in your piggy bank
Mone you owe someone
Money you spend on lunch
Money you find
4
An occupation for a significant period of a person's life
College
Financial journey
Career
High School
5
Why do people invest money?
To make more money later
To avoid working
To buy snacks
To lose it
6
What is one good reason to save money?
To show off
To spend it fast
To lose it
To buy something important later
7
The action or process of investing money for profit
Salary
Stock Market
Debt
Financial Investment
8
What is it called when you owe money?
Debt
Salary
Investment
Career
9
What is a salary?
Money you get regularly from a job
Money you earn from doing chores
Money your parents give you
Money you get once a year
10
What is a career?
A job you can do for a long time and grow in
A weekend trip
A one-day job
A game you play
11
An estimate of income and expenses for a set period of time
Career
Budget
Salary
Financial Investment
12
When do people usually get a portion of their salary
Whenever they want
Every second
Every month or two weeks
Once a year
13
What is the stock market?
A shopping mall
A grocery store
A place to buy and sell company shares
A money jar
14
What is one way to invest your money?
Use it to buy games
Hide it in a savings account
Put it in a savings account
Spend it on candy
15
Something, typically money, that is owed or due
Loan
Tution
Mortgage
Debt
16
A marketplace where investors can buy and sell shares of publicly traded companies
Bank
Super market
Stock market
Debt repayment

Financial Literacy Exam Review 5th and 6th Grade Flashcards | StudBud