US Grade 8 Financial Literacy Test 5

K-12 » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

K-12 Grade 8 Financial Literacy Middle School (Grade 8, USA Common Core) USA USA Common Core & NGSS

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

Which is the best example of: a price tag??

A) a gift

B) a toy

C) shows what something costs

D) a joke

Question 2

Which is the best example of: change??

A) extra toys

B) lost money

C) a gift

D) money back after paying

Question 3

Which is the best example of: a sale??

A) closed store

B) free everything

C) higher prices

D) lower prices for a time

Question 4

Which is the best example of: costs 3 dollars and you pay 5, what is the change??

A) 3 dollars

B) 8 dollars

C) 0 dollars

D) 2 dollars

Question 5

Which is the best example of: is 2 quarters and 1 dime??

A) 60 cents

B) 50 cents

C) 75 cents

D) 35 cents

Question 6

Which is the best example of: is 3 dimes and 1 nickel??

A) 31 cents

B) 30 cents

C) 40 cents

D) 35 cents

Question 7

Which is the best example of: a paycheck??

A) play money

B) found money

C) free money

D) money earned from work

Question 8

Which is the best example of: charity??

A) giving to help others

B) hiding money

C) wasting food

D) taking toys

Question 9

Which is the best example of: a wallet??

A) a pillow

B) a lunchbox

C) holds cash and cards

D) a toy box

Question 10

Which is the best example of: a price??

A) what something costs

B) a secret

C) a gift

D) a joke

Question 11

Which is the best example of: expensive??

A) is free

B) costs a lot of money

C) is small

D) is cheap

Question 12

Which is the best example of: cheap??

A) costs a lot

B) costs little money

C) is free

D) is broken

Question 13

Which is the best example of: a coin bank??

A) a toy

B) a river

C) a jar for saving coins

D) a cake

Question 14

Which is the best example of: stores do??

A) sell goods for money

B) give everything free

C) sleep

D) play

Question 15

Which is the best example of: allowance??

A) homework

B) a meal

C) money given regularly to kids

D) a punishment

Question 16

Which is the best example of: receipts??

A) to play

B) to prove purchase and track spending

C) to eat

D) no reason

Question 17

Why do we learn that saving??

A) spending everything

B) keeping money for later instead of spending

C) giving all away

D) losing money

Question 18

Why do we learn that a budget??

A) a shopping list

B) a bank robbery

C) a toy

D) a plan for spending and saving money

Question 19

Why do we learn that a bank??

A) a zoo

B) a safe place that keeps money

C) a park

D) a toy store

Question 20

Why do we learn that the difference between a need and a want??

A) needs cost more

B) wants are needs

C) needs are required to live, wants are extras

D) no difference

US Grade 8 Financial Literacy Test 5

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