Economics and Money: A Beginner's Guide for Kindergarteners

Question 1

When you want to buy something at the store, what do you use to pay for it?

Accepted Answer

Money

Answer

A toy

Answer

A hug

Answer

A drawing

Question 2

If we didn't have money, how would we get things we need?

Accepted Answer

Trade things we have for things we need.

Answer

Use a different kind of money, like seashells.

Answer

Take things we want without asking.

Answer

Use a special card to buy things.

Question 3

What do businesses use money to do?

Accepted Answer

Buy supplies

Accepted Answer

Pay workers

Answer

Give to charity

Answer

Play games

Question 4

How can spending money wisely help us in the future?

Accepted Answer

We will have more money to buy things we need.

Answer

We will be able to buy more toys.

Answer

We will get a lot of candy.

Answer

We will have less money to save.

Question 5

What special skills can people use to earn money?

Accepted Answer

Drawing pictures

Accepted Answer

Playing the piano

Answer

Having many toys

Question 6

What do we call it when we keep some money for later?

Accepted Answer

Saving

Answer

Spending

Answer

Borrowing

Question 7

What are some ways businesses can use money?

Accepted Answer

Buy supplies

Accepted Answer

Invest in new machines

Accepted Answer

Pay employees

Answer

Donate to charities

Question 8

There's not enough of a certain toy in your town. What can we do to fix this?

Accepted Answer

Make more of the toy.

Answer

Stop selling the toy.

Answer

Lower the price of the toy.

Question 9

What three main types of resources do people use to create products and services?

Accepted Answer

People, land, and machines

Answer

Money, cars, and houses

Answer

Plants, animals, and water

Answer

Ideas, inventions, and creativity

Question 10

When the prices of things we buy keep going up, what happens to the value of money?

Accepted Answer

It goes down.

Answer

It goes up.

Question 11

How do economics and psychology work together?

Accepted Answer

Economics explains how people make choices, and psychology explains why they make those choices.

Answer

Economics explains how money works, and psychology explains how people learn.

Answer

Economics explains how businesses make decisions, and psychology explains how people buy things.

Question 12

What's a good way to save money for the future?

Accepted Answer

Put it in a bank

Answer

Buy lots of toys

Answer

Hide it under your bed

Answer

Give it to your friends

Question 13

Imagine if everything we can buy, like toys and food, suddenly cost twice as much. What would happen to the value of the money in our pockets?

Accepted Answer

Our money would be worth less.

Answer

Our money would be worth twice as much too.

Answer

Our money would stay the same.

Answer

Our money would be worth more.

Question 14

When the government wants to keep the economy healthy, what can it do?

Accepted Answer

Control how much money is in the economy

Answer

Make more money so it's worth more

Answer

Give jobs to everyone who doesn't have one

Question 15

What is an example of a service?

Accepted Answer

Getting a haircut

Answer

Buying a toy car

Answer

Reading a book

Answer

Playing at the park

Question 16

What is a benefit of economic growth?

Accepted Answer

Better hospitals and doctors

Answer

More pollution

Answer

Less stuff left in nature

Answer

Fewer jobs

Question 17

How can you save your money?

Accepted Answer

Put it in a piggy bank or savings account

Answer

Spend it all right away

Answer

Give it all to your friends and family

Question 18

What might happen if the government gives more money to people who don't have much?

Accepted Answer

People with less money will have more to buy things.

Answer

People with a lot of money will get richer.

Answer

People with a lot of money will have less money.

Answer

Nothing will change.

Question 19

When a country's economy gets better, how do its people feel?

Accepted Answer

They feel happier because they can buy more things.

Answer

They feel sadder because they have less time for family.

Answer

Their happiness stays the same.

Question 20

Why do we use money?

Accepted Answer

To make it easier to buy and sell things.

Answer

To make it easier to save money.

Answer

To make it easier to compare the value of different things.

Question 21

When you buy a toy at the store, what happens?

Accepted Answer

You give money to the store and get a toy.

Answer

The store gives you a toy for free.

Answer

You give the toy to the store and get money.

Question 22

When money is worth more, what happens to the price of things?

Accepted Answer

Things cost more.

Answer

Things cost less.

Question 23

How does the government control the amount of money in our country?

Accepted Answer

By deciding how much money banks can lend

Answer

By printing as much money as they want

Answer

By charging people to use money

Answer

By borrowing money from other countries

Question 24

Why do we use money?

Accepted Answer

To buy things we need and want.

Answer

To save our money.

Answer

To carry our things.

Answer

To show how much money we have.

Question 25

When using money, what's the most important thing to keep in mind?

Accepted Answer

Use money wisely and think about the future.

Answer

You can buy anything you want with money.

Answer

It's okay to spend all your money now.

Question 26

When we earn money, we can use it to buy things we need. But what if we also want to help people in our community who don't have enough money? What can we do?

Accepted Answer

Give some of our money to charities or help people in our community.

Answer

Save all our money for later.

Answer

Spend all our money on things we want.

Answer

Hide our money so no one can take it.

Question 27

How do new technologies like mobile banking make it easier for us to manage our money?

Accepted Answer

We can keep track of our money on our phones.

Accepted Answer

We can deposit checks without going to the bank.

Answer

We can only use our phones to buy things.

Answer

Technology has made money disappear.

Question 28

What do we use to buy things in stores?

Accepted Answer

Money

Answer

Toys

Answer

Candy

Question 29

What do we get when we give someone money in exchange for something they give us?

Accepted Answer

Products or services

Answer

Happiness

Answer

Knowledge

Question 30

Which of these is NOT a way to earn money?

Accepted Answer

Playing

Answer

Working

Answer

Selling things

Question 31

What do we call a special place where we can keep our money safe?

Accepted Answer

Bank

Answer

Home

Answer

School

Question 32

What special symbol do we use for the money we use in the United States?

Accepted Answer

$

Answer

¥

Answer

€

Question 33

Which of these is NOT a way to spend money?

Accepted Answer

Helping people

Answer

Buying clothes

Answer

Going to the movies

Question 34

Where do we use money to buy things?

Accepted Answer

Stores

Answer

Schools

Answer

Libraries

Answer

Parks

Question 35

If you have $5 and buy a toy for $3, how much money do you have left?

Accepted Answer

$2

Answer

$5

Answer

$8

Answer

$10

Question 36

What's a good way to save money?

Accepted Answer

Putting it in a piggy bank

Answer

Keeping it in your pocket

Answer

Giving it to your friends

Answer

Spending it on toys

Question 37

Why is it important to be careful when spending money?

Accepted Answer

So you don't run out of money

Answer

So you can buy everything you want

Answer

So you can look cool

Answer

So you can be happy

Question 38

How can you get money?

Accepted Answer

By working

Answer

By playing

Answer

By saving

Answer

By finding it on the ground

Question 39

What is the paper money we use in the United States called?

Accepted Answer

Dollars

Answer

Euros

Answer

Pounds

Answer

Yen

Question 40

If you have $5 and buy a candy bar for $2, how much money do you have left?

Accepted Answer

$3

Answer

$4

Answer

$5

Answer

$6

Question 41

What is a good way to save money?

Accepted Answer

Put it in a piggy bank

Answer

Spend it all at once

Answer

Throw it away

Answer

Give it to your friends

Question 42

Which of these is something that we need to survive?

Accepted Answer

Food

Answer

Toy car

Answer

Video game

Answer

Pet

Question 43

At the store, what do we use to buy things?

Accepted Answer

Money

Answer

Food

Answer

Toys

Answer

Clothes

Question 44

What do we call it when we keep money for the future?

Accepted Answer

Saving

Answer

Spending

Answer

Borrowing

Answer

Lending

Question 45

Which of these things can't you buy with money?

Accepted Answer

A new friend

Answer

Candy

Answer

A car

Answer

A book

Question 46

What happens when we give someone something and they give us something different in return?

Accepted Answer

Trading

Answer

Bargaining

Answer

Negotiating

Answer

Selling

Question 47

Who are the people that make the things we buy?

Accepted Answer

Producers

Answer

Consumers

Answer

Customers

Answer

Savers

Question 48

How can we earn money?

Accepted Answer

Getting a job

Answer

Going to school

Answer

Playing with friends

Answer

Watching TV

Question 49

What should we do if we have extra money?

Accepted Answer

Save it

Answer

Spend it all

Answer

Throw it away

Answer

Give it to a friend

Question 50

When you borrow money, what extra cost do you have to pay back?

Accepted Answer

Interest

Answer

Fee

Answer

Tax

Answer

Reward

Question 51

How can we use our money smartly?

Accepted Answer

Saving some for later

Answer

Buying everything we want

Answer

Spending it on unnecessary items

Answer

Borrowing more than we need

Question 52

What is the difference between a need and a want?

Accepted Answer

Needs are things we have to have, wants are things we'd like to have

Answer

Wants are things we have to have, needs are things we'd like to have

Answer

They are the same thing

Answer

I don't know

Question 53

When we put money in the bank, what does the bank do with it?

Accepted Answer

Keeps it safe for us

Answer

Buys new toys with it

Answer

Gives it to other people

Question 54

When there's too much money in an economy, what happens to what you can buy with your money?

Accepted Answer

You can buy less with your money.

Answer

You can buy more with your money.

Answer

The value of your money goes up.

Answer

The amount of money you have stays the same.

Question 55

Which of these is NOT something we can use money for?

Accepted Answer

Making wishes

Answer

Buying things we need or want

Answer

Saving money for the future

Answer

Comparing the prices of different things

Question 56

When we buy things, we use coins and paper money. What do we call these coins and paper money together?

Accepted Answer

Money

Answer

Savings

Answer

Goods

Answer

Services

Question 57

What do we use to buy things?

Accepted Answer

Paper money

Answer

A toy

Answer

Food

Answer

A rock

Question 58

What is something that people do to earn money called?

Accepted Answer

A job

Answer

A hobby

Answer

A game

Answer

A chore

Question 59

What is NOT a type of money?

Accepted Answer

Toy money

Answer

Cash

Answer

Credit card

Answer

Check

Question 60

What is the name of the money we use in the United States?

Accepted Answer

Dollar

Answer

Euro

Answer

Pound

Answer

Yen

Question 61

What is the smallest coin we have in the United States?

Accepted Answer

Penny

Answer

Nickel

Answer

Dime

Answer

Quarter

Question 62

What is the name of the paper money we have in the United States?

Accepted Answer

Bill

Answer

Check

Answer

Note

Answer

Receipt

Question 63

What is a place where you can keep your money safe called?

Accepted Answer

A bank

Answer

A store

Answer

A school

Answer

A library

Question 64

What do we use when we want to buy something?

Accepted Answer

Money

Answer

Toys

Answer

Candy