Froggy Jumps Money Smart Adventure Quiz 12 and under part 1Online version Test your knowledge on money management with Maya and Max's fun adventure! by Matthew Hale 1 What is the difference between a need and a want? a A need is essential, while a want is not necessary. b A need is a toy, a want is food. c A need is something fun, a want is essential. 2 What should Maya buy first with her $10? a Food, because it's a need. b Video games. c A new comic book. 3 What does Mr. Coins say income is? a Money you earn from chores or allowance. b Money you save for emergencies. c Money you spend on snacks. 4 What are expenses? a Money saved for emergencies. b Things you spend money on. c Money you earn. 5 What is a budget book used for? a To track how much money you earn and spend. b To calculate how much you want. c To save money for toys. 6 What should you save money for according to Mr. Coins? a Going on vacations. b Buying toys. c An emergency fund for unexpected problems. 7 How much does Maya plan to save weekly for emergencies? a $2 every week. b $5 every week. c $10 every week. 8 Why is it smart to save for retirement or college? a The earlier you save, the more time your money has to grow. b It's not important for kids. c You can spend it all now. 9 What happens if an emergency occurs? a You borrow money from friends. b You use your emergency fund. c You spend all your savings. 10 What did Max earn from mowing lawns? a $25. b $20. c $15.
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