What is Money? | Interactive Learning Quizzes for 1st Grade Social Studies

Question 1

What are NOT money?

Accepted Answer

Checks

Answer

Coins

Answer

Bills

Answer

Gold

Question 2

What coin is worth the most money?

Accepted Answer

Quarter

Answer

Penny

Answer

Nickel

Answer

Dime

Question 3

Who prints money?

Accepted Answer

The government

Answer

Banker

Answer

President

Answer

Police officer

Question 4

What is a good way to save money?

Accepted Answer

Putting it in a piggy bank

Answer

Spending it all at once

Answer

Giving it away to friends

Answer

Buying candy with it

Question 5

What is a smart way to spend money?

Accepted Answer

Making a budget and sticking to it

Answer

Buying everything you see

Answer

Borrowing money from friends and family

Answer

Spending more than you earn

Question 6

Where can you trade money to buy things?

Accepted Answer

Store

Answer

Bank

Answer

School

Answer

Library

Question 7

What is one good thing about using money?

Accepted Answer

It makes buying things easier.

Answer

It makes saving money harder.

Answer

It takes up a lot of space.

Answer

It can be lost or stolen easily.

Question 8

How much is a nickel worth?

Accepted Answer

5 cents

Answer

1 cent

Answer

10 cents

Answer

25 cents

Question 9

Which is the biggest coin in the United States?

Accepted Answer

Quarter

Answer

Penny

Answer

Nickel

Answer

Dime

Question 10

What is the difference between a need and a want?

Accepted Answer

A need is something you have to have, a want is something you'd like to have

Answer

A want is something you have to have, a need is something you'd like to have

Answer

They are the same thing

Answer

I don't know

Question 11

Who makes money?

Accepted Answer

Treasurers

Answer

Bankers

Answer

Presidents

Answer

Coin makers

Question 12

Which coin is worth the most money?

Accepted Answer

Quarter

Answer

Penny

Answer

Nickel

Answer

Dime

Question 13

Which of these is NOT a way to spend money?

Accepted Answer

Saving it in a piggy bank

Answer

Buying something at a store

Answer

Giving it to someone as a gift

Answer

Investing it in the stock market

Question 14

How many dimes make a dollar?

Accepted Answer

10

Answer

5

Answer

15

Answer

20

Question 15

What is the name of the paper money used in the United States?

Accepted Answer

Bills

Answer

Notes

Answer

Checks

Answer

Bonds

Question 16

Which of these is the most valuable U.S. paper money?

Accepted Answer

$100 bill

Answer

$1 bill

Answer

$5 bill

Answer

$10 bill

Question 17

What is a good rule to follow when spending money?

Accepted Answer

Only spend what you have

Answer

Buy everything you want

Answer

Borrow money to buy things

Answer

Save all of your money

Question 18

What is one way people can earn money?

Accepted Answer

Working

Answer

Playing outside

Answer

Reading

Question 19

What is the name of the metal coin worth twenty-five cents?

Accepted Answer

Quarter

Answer

Nickel

Answer

Dime

Question 20

Which of these is NOT a good way to use money?

Accepted Answer

Throwing it away

Answer

Buying things we need

Answer

Saving for the future

Question 21

How much money is 5 dimes equal to?

Accepted Answer

50 cents

Answer

5 dollars

Answer

1 dollar

Question 22

Which type of paper money is worth the least?

Accepted Answer

Dollar bill

Answer

Five-dollar bill

Answer

Ten-dollar bill

Question 23

Why is it not a good idea to save money?

Accepted Answer

To lose it

Answer

For a future purchase

Answer

For emergencies

Question 24

What should you do if you find a coin that you did not lose?

Accepted Answer

Give it to a teacher or another grown-up

Answer

Keep it

Answer

Throw it away

Question 25

Why is it important to have money?

Accepted Answer

To buy things we need

Answer

To make friends

Answer

To show off to others

Question 26

Which of the following is not a type of money people use?

Accepted Answer

Apples

Answer

Coins

Answer

Paper money

Answer

Credit cards

Question 27

What is the name of the coin worth 25 cents?

Accepted Answer

Quarter

Answer

Penny

Answer

Nickel

Answer

Dime

Question 28

What is the name of the paper money that is worth $1?

Accepted Answer

Dollar bill

Answer

Five-dollar bill

Answer

Ten-dollar bill

Answer

Twenty-dollar bill

Question 29

Which of these coins is worth the most money?

Accepted Answer

Quarter

Answer

Penny

Answer

Nickel

Answer

Dime

Question 30

Which of these is a type of paper money we use?

Accepted Answer

Dollar bill

Answer

Nickel

Answer

Dime

Answer

Quarter

Question 31

Which of these coins is worth the most?

Accepted Answer

Big quarter

Answer

Shiny penny

Answer

Small nickel

Answer

Medium dime

Question 32

How many pennies are equal to a nickel?

Accepted Answer

Five

Answer

Two

Answer

Ten

Answer

Twenty

Question 33

Which of these ways can we earn money?

Accepted Answer

By working a job

Answer

By winning a lottery

Answer

By finding a treasure

Answer

By borrowing from a friend

Question 34

What are some things you can do with money?

Accepted Answer

Buy things you want

Accepted Answer

Put it away for later

Accepted Answer

Share it with people who need it

Answer

Eat it like a snack

Question 35

How can you keep track of the things you buy?

Accepted Answer

Write down everything you buy in a notebook.

Answer

Guess how much you spend each month.

Answer

Ask your parents to keep track of your expenses for you.

Question 36

Which of these is NOT a way to pay for things?

Accepted Answer

Trading toys

Answer

Using a debit card

Answer

Using a check

Answer

Using cash

Question 37

What do we call the paper money we use in the United States?

Accepted Answer

Dollar

Answer

Euro

Answer

Yen

Answer

Pound

Question 38

Which coin is worth the most money?

Accepted Answer

Quarter

Answer

Penny

Answer

Nickel

Answer

Dime

Question 39

What is a good way to save money?

Accepted Answer

Put it in a piggy bank

Answer

Throw it away

Answer

Spend it on candy

Answer

Give it to your friends

Question 40

Which of these is a way to earn money?

Accepted Answer

Doing chores

Answer

Playing video games

Answer

Sleeping

Answer

Watching TV

Question 41

What is a budget for?

Accepted Answer

To track income and expenses

Answer

To play games

Answer

To make a wish list

Question 42

What is the difference between a need and a want?

Accepted Answer

A need is something you have to have to survive, while a want is something you would like to have but don't need.

Answer

A need is something you buy at the store, while a want is something you make at home.

Question 43

What is the most important thing to remember about using money?

Accepted Answer

Spend it wisely

Answer

Don't save any money

Answer

Spend it all at once

Answer

Borrow as much as you can

Question 44

Which of these is NOT a form of money?

Accepted Answer

A toy car

Answer

A dollar bill

Answer

A quarter

Question 45

Which coin is worth the most money?

Accepted Answer

Quarter

Answer

Dime

Answer

Penny

Answer

Nickel

Question 46

Which of these is a way to earn money?

Accepted Answer

Working

Answer

Sleeping

Answer

Playing

Question 47

What is the main purpose of money?

Accepted Answer

To buy things

Answer

To have fun

Answer

To decorate your house

Answer

To make friends

Question 48

Where is money made in the United States?

Accepted Answer

The Mint

Answer

The Bank

Answer

The White House

Question 49

What is paper money called?

Accepted Answer

Bill

Answer

Card

Answer

Coin

Answer

Check

Question 50

Which metal coin is worth 25 cents?

Accepted Answer

Quarter

Answer

Penny

Answer

Dime

Answer

Nickel

Question 51

Where can you keep your money safe?

Accepted Answer

Bank

Answer

Store

Answer

School

Answer

Playground