Income, Credit, and Saving
Grade 3 - Social Studies - On Level
An electrician fixes wiring safely. What lets the electrician earn that income?
- liking bright lights
- learning electrical safety
- living near a hardware store
- owning a ladder
A long drought shrinks a town's water supply. What usually happens to the cost of water?
- The store stops charging.
- The cost stays the same.
- The cost goes up.
- The cost goes down.
Ines made a list and saved for 4 weeks. Then she bought the soccer cleats on her list. What kind of spending is this?
- planned spending
- lending
- unplanned spending
- borrowing
Priya wants a $50 tablet case but has $25. The store lets her take it home and pay later. What is she using?
- a gift card
- a tax
- credit
- her savings
Why can a skilled worker often earn more money?
- The job is always easier.
- Few people have the training for the job.
- Skilled workers work fewer days.
- Anyone can do the job.
Cole borrows $20 and must pay back $22. How much interest does he pay?
- $2
- $20
- $22
- $42
Dara went to the store to buy a science kit. She bought a toy she just noticed instead. What kind of spending was the toy?
- saving
- unplanned spending
- giving
- planned spending
Sofia saves $5 a week for a $20 instrument. How many weeks will it take?
- 5 weeks
- 15 weeks
- 4 weeks
- 20 weeks
Amara's family saves a little each month for college. Why start early?
- The bank pays back double.
- Saving early means paying interest.
- College will cost less later.
- Small amounts add up over many years.
Which choice means paying money back later, usually with interest?
- giving it away
- spending cash
- using credit
- saving it