Round 1
1. What is money used for?
A. To buy things we need or want
B. To decorate our room
C. To throw away
D. To eat
A. To buy things we need or want
8. What is a budget?
A. A type of candy
B. A school subject
C. A toy
D. A plan for how to use your money
D. A plan for how to use your money
20. Why is it smart to keep track of your money?
A. So you can lose it
B. So you know where it goes
C. So you never save
D. So others can spend it
B. So you know where it goes
50. What is one reason people work?
A. To earn income
B. To lose money
C. To create bills only
D. To avoid saving
A. To earn income
23. What is a password used for?
A. To protect accounts
B. To buy candy only
C. To make money disappear
D. To tell strangers
A. To protect accounts
2. What is a “need”?
A. Something you must have to live
B. A toy you want
C. A video game
D. Candy
A. Something you must have to live
9. Why should you compare prices?
A. To spend more money
B. To lose money
C. To find the best deal
D. To make shopping take longer
C. To find the best deal
26. What is a credit card?
A. A card that gives unlimited free money
B. A card that only works at school
C. A savings jar
D. A card that lets you borrow money to pay for things
D. A card that lets you borrow money to pay for things
3. Which one is a need?
A. Candy
B. Video game
C. Food
D. Toy
C. Food
35. What should you do if you do not understand a money choice?
A. Guess fast
B. Ask a trusted adult
C. Spend everything
D. Ignore it
B. Ask a trusted adult
4. Which one is a want?
A. Food
B. Water
C. A new bike for fun
D. A safe place to live
C. A new bike for fun
10. If something costs more than the money you have, what should you do?
A. Take it without paying
B. Save more money
C. Give up forever
D. Throw your money away
B. Save more money
30. What is a scam?
A. A trick to steal your money or information
B. A savings plan
C. A bank account
D. A school fundraiser
A. A trick to steal your money or information
6. What is a bank?
A. A place to buy shoes
B. A place that helps keep money safe
C. A playground
D. A restaurant
B. A place that helps keep money safe
39. What is a store?
A. A place where people buy things
B. A bank account
C. A password
D. A coin
A. A place where people buy things
5. What does it mean to save money?
A. Spend it all right away
B. Put money away to use later
C. Give it all away
D. Hide it and forget it
B. Put money away to use later
11. What is income?
A. Money you lose
B. A bill
C. Money you earn or receive
D. A store receipt
C. Money you earn or receive
31. Jayla gets $10. She wants a $6 toy and also wants to save money. What is the best choice?
A. Spend all $10
B. Throw away the money
C. Buy the toy and save $4
D. Borrow more money
C. Buy the toy and save $4
12. If you save $1 every week, what are you doing?
A. Spending
B. Borrowing
C. Losing
D. Building savings
D. Building savings
47. What is a smart shopping choice?
A. Buy the first thing you see
B. Never look at the price
C. Compare prices
D. Spend more on purpose
C. Compare prices
7. If you earn $5 and save $2, how much can you spend?
A. $1
B. $2
C. $3
D. $5
C. $3
13. What is an expense?
A. Money you save
B. Money you find
C. Money you spend
D. Money you borrow from no one
C. Money you spend
43. What is a receipt?
A. A coupon only
B. A type of money
C. A bank card
D. Proof of what you bought and paid
D. Proof of what you bought and paid
20. What is a money goal?
A. Something you are saving for
B. A school lunch
C. A pencil
D. A chore
A. Something you are saving for
50. What does it mean to be responsible with money?
A. Spend all of it
B. Take care of it and make smart choices
C. Lose it often
D. Never learn about it
B. Take care of it and make smart choices