US Grade 7 Financial Literacy Test 4

K-12 » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

K-12 Grade 7 Financial Literacy Middle School (Grade 7, USA Common Core) USA USA Common Core & NGSS

What is this test? for Grade 7 Financial Literacy practice (Middle School 6-8, USA Common Core) — Middle School (Grade 7, USA Common Core) level, USA.
Is this for you? For Middle School students (Grade 7, 6-8) — if you are in Middle School, this is for you.
Section: K-12 Grade 7 Financial Literacy · Education: Middle School · Part: K-12 Grade 7 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

True or false: a jar for saving coins.

A) True

B) False

Question 2

True or false: sell goods for money.

A) True

B) False

Question 3

True or false: money given regularly to kids.

A) True

B) False

Question 4

True or false: to prove purchase and track spending.

A) True

B) False

Question 5

Which is the best example of: saving??

A) keeping money for later instead of spending

B) giving all away

C) spending everything

D) losing money

Question 6

Which is the best example of: a budget??

A) a bank robbery

B) a shopping list

C) a toy

D) a plan for spending and saving money

Question 7

Which is the best example of: a bank??

A) a safe place that keeps money

B) a zoo

C) a park

D) a toy store

Question 8

Which is the best example of: the difference between a need and a want??

A) no difference

B) needs cost more

C) wants are needs

D) needs are required to live, wants are extras

Question 9

Which is the best example of: interest??

A) lost money

B) extra money a bank pays savers

C) free candy

D) a fee for toys

Question 10

Which is the best example of: are prices??

A) to buy more

B) to waste time

C) to get the best value for money

D) no reason

Question 11

Which is the best example of: earning??

A) getting money by working

B) printing money

C) finding money always

D) taking money

Question 12

Which is the best example of: uld you do with birthday money??

A) hide forever

B) throw it away

C) spend it all fast

D) save part and spend part wisely

Question 13

Which is the best example of: a coin??

A) metal money of small value

B) a toy

C) a rock

D) paper money

Question 14

Which is the best example of: a dollar bill??

A) a ticket

B) a coupon

C) paper money worth 100 cents

D) a note

Question 15

Which is the best example of: cents in a dollar??

A) 100

B) 25

C) 50

D) 10

Question 16

Which is the best example of: cents is a quarter??

A) 25

B) 10

C) 5

D) 50

Question 17

Which is the best example of: cents is a dime??

A) 5

B) 25

C) 1

D) 10

Question 18

Which is the best example of: donating??

A) wasting food

B) giving money or goods to help others

C) hiding money

D) taking things

Question 19

Which is the best example of: a receipt??

A) a gift

B) a toy

C) money

D) proof of what you bought

Question 20

Which is the best example of: for goals??

A) big wants need time and planning

B) to waste

C) to brag

D) no reason

US Grade 7 Financial Literacy Test 4

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