Financial Foundations for Kids

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Online Tutorial

Training

How to Get Started

Teachers Guide

Correlations

On-line Pre & Post Testing

Gover nor's Program

What teachers are saying

Workshop Tool Kit

FAQ

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Teachers - Workshop Tool Kit

Attendee Roster (this must be filled out after training has been completed)
Evaluation (For use at workshops only)

Pre & Post Test Demo: We recommend you have your students take a pre-test before you start using the courseware in your classroom. Below is a link to a sample pre-test.

Student individual test results will be displayed on the screen at the end of their test. You may record individual test results from this screen or have the student print the screen so you may record his or her results later.

All results are confidential. We DO NOT collect individual test results. Results are collected and reported only in the AGGREGATE to ensure your and your students' privacy.

FOR TEACHER DEMONSTRATION ONLY - see left sidebar for the student tests

Grade 02	Grade 05	Grade 08
Evaluation Pre-test	Evaluation Pre-test	Evaluation Pre-test

Grade 8 Pre-test Evaluation

View the current results from this online test

Answer the following questions so you can compare your test result with others.
	Age:
	Gender:	Female Male
Answer all of the following questions to the best of your ability. Use the "Grade Test" button at the bottom of the screen to see how you did.

1.	Which of the following is earned income A. wages B. money C. credit D. bonds

2.	A commercial bank and the stock market are examples of A. economic institutions B. savings accounts C. natural resources D. capital resources

3.	The initial deposit of $1000.00 into a savings account is called A. interest B. earnings C. principal D. credit

4.	In order for a market to work, the buyer and seller must agree on A. happiness B. resources C. competition D. price

5.	When comparing the prices of a new and used computer which of the following should be considered in the purchase decision A. the costs and benefits of the purchase B. only the dollar difference C. only the brands D. the knowledge of the salesperson

6.	Scarcity exists when A. people have everything they want B. there are limited resources and people have unlimited wants C. everything is free D. people have plenty of money to spend

7.	If Penny borrows $2000 from the bank at 10% interest for one year, what is the total amount she will have to pay back to the bank at the end of the year? A. $500.00 B. $2200.00 C. $1000.00 D. $2000.00

8.	Which of the following is an employee benefit? A. health insurance B. paid vacation C. sick leave D. all of the above are employee benefits

9.	Money is A. The cash in your pocket B. the balance in your checking account C. the balance in your savings account D. all of the above

10.	An entrepreneur is a person who A. works at home and does not receive a paycheck B. works for a large company C. takes a risk and starts a new business D. works for the government as a tax collector

11.	A savings & loan or bank can offer which of the following? A. checking accounts B. savings accounts C. certificates of deposit D. all of the above

12.	Productivity is increased when A. Specialization is ignored B. Fewer resources are used to produce goods and services C. Capital and human resources are wasted D. Fewer goods and services are produced

13.	Which of the following would act as a positive incentive? A. threat of being fired from your job B. an increase in wages and an award for a job well done C. a reduction in your paycheck because of reduced hours D. an increase in the number of hours worked with no increase in salary

14.	When the general level of prices is falling, this is called A. inflation B. savings C. deflation D. spending

15.	In order to be an informed consumer A. read the fine print and ask questions B. hire an assistant C. use your credit card D. only pay cash for your purchases

16.	What is the opportunity cost of spending money now? A. The value of the foregone interest on the savings. B. The products that could be purchased now. C. The enjoyment of using the products now. D. Taxes that will have to be paid on income.

17.	Which one of these is a spending instrument? A. a savings account B. a credit card C. a certificate of deposit D. a life insurance policy

18.	The main difference between simple interest and compound interest is that compound interest is: A. only received when you own stocks B. expressed as a percentage of debt to income C. received when you have both a checking and savings account D. paid on all interest previously earned and the principal

19.	Charlie used his credit card to buy a DVD for $15.00. As a result of this transaction, the credit card company will: A. loan Charlie $15.00 B. give Charlie $15.00 C. deduct $15 from Charlie's savings account D. deduct $15 from Charlie's checking account

20.	People with an excellent credit history will usually pay a: A. higher interest rate on credit card purchases B. higher mortgage interest rate C. lower savings rate D. lower interest rate on credit card purchases