US Grade 4 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 4 Financial Literacy Elementary School (Grade 4, USA Common Core) USA USA Common Core & NGSS

What is this test? for Grade 4 Financial Literacy practice (Elementary School K-5, USA Common Core) — Elementary School (Grade 4, USA Common Core) level, USA.
Is this for you? This test is for Elementary School students (Grade 4, K-5) studying Financial Literacy under USA Common Core — if you are in Elementary School, this is for you.
Section: K-12 Grade 4 Financial Literacy · Education: Elementary School · Part: K-12 Grade 4 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) spending everything

B) giving all away

C) losing money

D) keeping money for later instead of spending

Question 2

What is a budget?

A) a shopping list

B) a bank robbery

C) a plan for spending and saving money

D) a toy

Question 3

What is a bank?

A) a zoo

B) a park

C) a toy store

D) a safe place that keeps money

Question 4

What is the difference between a need and a want?

A) needs are required to live, wants are extras

B) needs cost more

C) wants are needs

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 waste time

C) to buy more

D) to get the best value for money

Question 7

What is earning?

A) printing money

B) taking money

C) finding money always

D) getting money by working

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 rock

D) a toy

Question 10

What is a dollar bill?

A) a ticket

B) a note

C) paper money worth 100 cents

D) a coupon

Question 11

How many cents in a dollar?

A) 100

B) 10

C) 50

D) 25

Question 12

How many cents is a quarter?

A) 5

B) 25

C) 50

D) 10

Question 13

How many cents is a dime?

A) 1

B) 5

C) 25

D) 10

Question 14

What is donating?

A) taking things

B) hiding money

C) giving money or goods to help others

D) wasting food

Question 15

What is a receipt?

A) a toy

B) proof of what you bought

C) a gift

D) money

Question 16

Why save for goals?

A) to brag

B) to waste

C) no reason

D) big wants need time and planning

Question 17

What is a price tag?

A) shows what something costs

B) a gift

C) a toy

D) a joke

Question 18

What is change?

A) money back after paying

B) extra toys

C) lost money

D) a gift

Question 19

What is a sale?

A) higher prices

B) free everything

C) closed store

D) lower prices for a time

Question 20

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

A) 3 dollars

B) 8 dollars

C) 2 dollars

D) 0 dollars

US Grade 4 Financial Literacy Test 1

Test Complete

About This Test