Financial Literacy

Question 1

Which person would be a good choice to lend money to?

Accepted Answer

Someone who can pay it back the next day.

Question 2

Cullen borrowed 50¢ to buy a sticker. Which shows borrowing responsibly?

Accepted Answer

Cullen asked a friend for 50¢ and paid him back the next day

Question 3

Mrs. Pyron borrowed a book and kept it for 2 months before returning it. Which is true?

Accepted Answer

She is a irresponsible borrower.

Question 4

Mrs. Stovall puts $50 in her bank account. Is this an example of deposit or withdrawal?

Accepted Answer

deposit

Question 5

Which is an example of borrowing money?

Accepted Answer

Mrs. Baish took money from her friend that she will pay back

Question 6

A class makes necklaces. It costs 7¢ for the string and 15¢ for the beads. How much does 1 cost

Accepted Answer

22¢

Question 7

Mrs. Haferkamp took $10 out of her account. Is this an example of a deposit or withdrawal?

Accepted Answer

withdrawal

Question 8

Mrs. Martin makes feather pencils to sell. Which word best describes Mrs. Martin?

Accepted Answer

Producer

Question 9

Ella saved $5 a week to buy a $15 toy. How many weeks did it take to save enough money?

Accepted Answer

3 weeks

Question 10

Which is an example of lending?

Accepted Answer

I gave my friend $2 until he could pay me back.

Questions 10