US Grade 10 Financial Literacy Test 1

K-12 » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

K-12 Grade 10 Financial Literacy High School (Grade 10, USA Common Core) USA USA Common Core & NGSS

What is this test? for Grade 10 Financial Literacy practice (High School 9-12, USA Common Core) — High School (Grade 10, USA Common Core) level, USA.
Is this for you? For High School students (Grade 10, 9-12) — if you are in High School, this is for you.
Section: K-12 Grade 10 Financial Literacy · Education: High School · Part: K-12 Grade 10 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

What is saving?

A) giving all away

B) keeping money for later instead of spending

C) losing money

D) spending everything

Question 2

What is a budget?

A) a plan for spending and saving money

B) a bank robbery

C) a toy

D) a shopping list

Question 3

What is a bank?

A) a park

B) a safe place that keeps money

C) a toy store

D) a zoo

Question 4

What is the difference between a need and a want?

A) needs are required to live, wants are extras

B) wants are needs

C) needs cost more

D) no difference

Question 5

What is interest?

A) lost money

B) extra money a bank pays savers

C) free candy

D) a fee for toys

Question 6

Why compare prices?

A) no reason

B) to get the best value for money

C) to waste time

D) to buy more

Question 7

What is earning?

A) taking money

B) getting money by working

C) finding money always

D) printing money

Question 8

What should you do with birthday money?

A) throw it away

B) spend it all fast

C) hide forever

D) save part and spend part wisely

Question 9

What is a coin?

A) paper money

B) metal money of small value

C) a toy

D) a rock

Question 10

What is a dollar bill?

A) a note

B) a coupon

C) a ticket

D) paper money worth 100 cents

Question 11

How many cents in a dollar?

A) 10

B) 100

C) 50

D) 25

Question 12

How many cents is a quarter?

A) 25

B) 10

C) 50

D) 5

Question 13

How many cents is a dime?

A) 10

B) 1

C) 25

D) 5

Question 14

What is donating?

A) giving money or goods to help others

B) taking things

C) hiding money

D) wasting food

Question 15

What is a receipt?

A) money

B) proof of what you bought

C) a toy

D) a gift

Question 16

Why save for goals?

A) big wants need time and planning

B) to waste

C) to brag

D) no reason

Question 17

What is a price tag?

A) a gift

B) shows what something costs

C) a joke

D) a toy

Question 18

What is change?

A) lost money

B) extra toys

C) money back after paying

D) a gift

Question 19

What is a sale?

A) higher prices

B) closed store

C) free everything

D) lower prices for a time

Question 20

If a toy costs 3 dollars and you pay 5, what is the change?

A) 2 dollars

B) 8 dollars

C) 3 dollars

D) 0 dollars

US Grade 10 Financial Literacy Test 1

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