Financial Literacy Pre-Test: Grades 3-5 - Infusionomics
Financial Literacy Pre-Test: Grades 3-5 - Infusionomics
Financial Literacy Pre-Test: Grades 3-5 - Infusionomics
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Infusionomics</strong> <strong>Financial</strong> <strong>Literacy</strong> Lessons<br />
<strong>Financial</strong> <strong>Literacy</strong> <strong>Pre</strong>‐<strong>Test</strong>: <strong>Grades</strong> 3‐5<br />
Name _________________________________ School________________________________<br />
Date _________________<br />
Grade____________<br />
1. If someone gave you $25 right now, how likely is it that you would save at least $5 of it?<br />
a. I would definitely save at least $5 of it.<br />
b. Maybe I would save $5 of it.<br />
c. I definitely would not save any of it. I would spend it all.<br />
2. How important do you think it is for kids to learn about how to handle money?<br />
a. very important<br />
b. a little bit important<br />
c. not very important<br />
3. Read the paragraph below. Fill in the 5 blanks with the correct words from the word list.<br />
WORD LIST: DEPOSIT WITHDRAWAL BUDGET<br />
SAVING ACCOUNT INTEREST<br />
Maria has a good plan for how to use her money. The plan is called a ________________. Maria<br />
spends some of her money. But every month she also takes some of her money to the bank and<br />
puts it into her _______________________________. Maria puts her money there because<br />
then it will earn _________________________. And that means more money! She fills out a<br />
_________ slip because that is what you use when you put money into your account. When<br />
Maria has enough money saved up to buy the dress she wants, she will take money out of her<br />
account. That is called making a ________________________.<br />
Read the statements below. Circle whether they are True or False.<br />
4. SCARCITY is when you don’t have enough of something.<br />
TRUE<br />
FALSE<br />
1
5. The safest place to keep your money is hidden somewhere in your house or apartment.<br />
TRUE<br />
FALSE<br />
6. A DEPOSIT is when you take money out of your bank account.<br />
TRUE<br />
FALSE<br />
7. DEBT is when you owe money to someone.<br />
TRUE<br />
FALSE<br />
8. An I.O.U. is a certificate saying you put money in the bank.<br />
TRUE<br />
FALSE<br />
9. An OPPORTUNITY COST is “the next best thing you would have chosen.“<br />
TRUE<br />
FALSE<br />
OK, and the last question is....<br />
10. “Your money earns interest, and your interest earns interest.” This is the meaning of:<br />
a. banking<br />
b. compound interest<br />
c. simple interest<br />
d. budgeting<br />
2
Change language