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Money and How We Use It

15 questions Economics Grades K-2

The question sheet

Reveal any answer as you study
  1. ____ is what people use to buy things.

    • Paper
    • Money
    • Time
    • Sand
    Reveal answer

    Answer: Money

  2. How much is a nickel worth?

    • Five cents
    • Ten cents
    • Twenty-five cents
    • One cent
    Reveal answer

    Answer: Five cents

  3. How many cents make one dollar?

    • Fifty
    • Ten
    • One thousand
    • One hundred
    Reveal answer

    Answer: One hundred

  4. The person who helps you pay at a store is the ____.

    • cashier
    • teacher
    • farmer
    • doctor
    Reveal answer

    Answer: cashier

  5. A toy costs $8 and you give $10. Your change is:

    • Ten dollars
    • Eight dollars
    • Two dollars
    • One dollar
    Reveal answer

    Answer: Two dollars

  6. A debit card takes money from a person's bank account.

    • True
    • False
    Reveal answer

    Answer: True

  7. A credit card takes money right out of your bank account.

    • True
    • False
    Reveal answer

    Answer: False

  8. Trading one thing for another is called ____.

    • bartering
    • saving
    • spending
    • earning
    Reveal answer

    Answer: bartering

  9. How do grown-ups get money?

    • By saving
    • By working at jobs
    • By finding it
    • By bartering only
    Reveal answer

    Answer: By working at jobs

  10. Keeping money to use later is called ____.

    • bartering
    • earning
    • spending
    • saving
    Reveal answer

    Answer: saving

  11. Buying things on the internet is called:

    • Shopping online
    • A market
    • Bartering
    • Saving
    Reveal answer

    Answer: Shopping online

  12. Paper money is called a bill.

    • True
    • False
    Reveal answer

    Answer: True

  13. Which president is on the penny?

    • Jefferson
    • Lincoln
    • Washington
    • Roosevelt
    Reveal answer

    Answer: Lincoln

  14. How much is a quarter worth?

    • Ten cents
    • One cent
    • Twenty-five cents
    • Five cents
    Reveal answer

    Answer: Twenty-five cents

  15. A ____ is something you must have to live, like food and water.

    • need
    • coin
    • toy
    • want
    Reveal answer

    Answer: need

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