US Grade 1 Financial Literacy Test 7

K-12 » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

K-12 Grade 1 Financial Literacy Elementary School (Grade 1, USA Common Core) USA USA Common Core & NGSS

What is this test? for Grade 1 Financial Literacy practice (Elementary School K-5, USA Common Core) — Elementary School (Grade 1, USA Common Core) level, USA.
Is this for you? This test is for Elementary School students (Grade 1, K-5) studying Financial Literacy under USA Common Core — if you are in Elementary School, this is for you.
Section: K-12 Grade 1 Financial Literacy · Education: Elementary School · Part: K-12 Grade 1 Financial Literacy · Country: USA

A regular habit of taking practice tests makes learned information stick and is one of the most important factors directly affecting exam success.

This test will help you gauge your knowledge in your field and manage your exam prep more efficiently.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

Why do we learn that a wallet??

A) holds cash and cards

B) a toy box

C) a lunchbox

D) a pillow

Question 2

Why do we learn that a price??

A) a secret

B) a gift

C) a joke

D) what something costs

Question 3

Why do we learn that expensive??

A) is free

B) is cheap

C) costs a lot of money

D) is small

Question 4

Why do we learn that cheap??

A) is broken

B) is free

C) costs little money

D) costs a lot

Question 5

Why do we learn that a coin bank??

A) a cake

B) a jar for saving coins

C) a river

D) a toy

Question 6

Why do we learn that stores do??

A) play

B) sell goods for money

C) give everything free

D) sleep

Question 7

Why do we learn that allowance??

A) a punishment

B) homework

C) money given regularly to kids

D) a meal

Question 8

Why do we learn that receipts??

A) to eat

B) to prove purchase and track spending

C) to play

D) no reason

Question 9

Who should know that saving??

A) only grown-ups

B) no one

C) only robots

D) everyone

Question 10

Who should know that a budget??

A) only grown-ups

B) only robots

C) everyone

D) no one

Question 11

Who should know that a bank??

A) only robots

B) no one

C) everyone

D) only grown-ups

Question 12

Who should know that the difference between a need and a want??

A) only robots

B) no one

C) only grown-ups

D) everyone

Question 13

Who should know that interest??

A) only robots

B) only grown-ups

C) everyone

D) no one

Question 14

Who should know that are prices??

A) only grown-ups

B) everyone

C) only robots

D) no one

Question 15

Who should know that earning??

A) everyone

B) only robots

C) only grown-ups

D) no one

Question 16

Who should know that uld you do with birthday money??

A) no one

B) everyone

C) only grown-ups

D) only robots

Question 17

Who should know that a coin??

A) only grown-ups

B) no one

C) everyone

D) only robots

Question 18

Who should know that a dollar bill??

A) only robots

B) everyone

C) only grown-ups

D) no one

Question 19

Who should know that cents in a dollar??

A) only robots

B) only grown-ups

C) everyone

D) no one

Question 20

Who should know that cents is a quarter??

A) only robots

B) no one

C) only grown-ups

D) everyone

US Grade 1 Financial Literacy Test 7

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