Money and Banks: Interactive Learning Quizzes for 2nd Grade Social Studies

Question 1

What is the main job of a bank?

Accepted Answer

Keeping money safe and lending it to people who need it

Answer

Printing money for the government

Answer

Collecting taxes for the government

Answer

Providing insurance to people and businesses

Question 2

Money can be used to buy many things. Which of these is NOT something you can buy with money?

Accepted Answer

A friend

Answer

A toy

Answer

A bill

Answer

A gift

Question 3

Which of these is NOT a coin?

Accepted Answer

A dollar

Answer

A penny

Answer

A nickel

Answer

A quarter

Question 4

Which of these is NOT a benefit of using a bank?

Accepted Answer

Getting free candy

Answer

Keeping your money safe

Answer

Earning interest

Answer

Paying bills easily

Question 5

Which of these is NOT a way to earn money?

Accepted Answer

Borrowing it from a friend

Answer

Working a job

Answer

Selling something

Answer

Winning the lottery

Question 6

What is the name of the currency used in the United States?

Accepted Answer

Dollar

Answer

Euro

Answer

Pound

Answer

Yen

Question 7

What do we use to buy things we need or want, like toys or food?

Accepted Answer

Money

Answer

Food

Answer

Toys

Question 8

Which of these is NOT a type of money we use?

Accepted Answer

Gift cards

Answer

Coins

Answer

Paper bills

Question 9

What is the smallest coin we have?

Accepted Answer

Penny

Answer

Dime

Question 10

What do we call the person who works in a bank and helps us with our money?

Accepted Answer

Banker

Answer

Teacher

Question 11

What do we call a piece of paper we write on and give to someone to get money from our bank account?

Accepted Answer

A check

Answer

A letter

Question 12

What is the symbol we use to write before a number to show that it is money in the United States?

Accepted Answer

$

Answer

%

Question 13

What is a good reason to save your money?

Accepted Answer

To buy something special you want.

Answer

When you don't have much money left.

Answer

You should never save money.

Question 14

Which of these is NOT a type of money people use?

Accepted Answer

Stamps

Answer

Coins

Answer

Paper bills

Answer

Credit cards

Question 15

What is the main reason people use money?

Accepted Answer

To buy and sell things

Answer

To store value

Answer

To pay taxes

Answer

To give as gifts

Question 16

Where is the safest place to keep your money?

Accepted Answer

In a bank

Answer

In your pockets

Answer

Under your bed

Answer

In a piggy bank

Question 17

What is the difference between a penny and a nickel?

Accepted Answer

The value

Answer

The size

Answer

The color

Answer

The shape

Question 18

What should you do if you lose your wallet?

Accepted Answer

Tell your parents or a trusted adult

Answer

Ignore it and hope it turns up

Answer

Call the police

Answer

Wait a few days to see if it shows up

Question 19

What is a budget?

Accepted Answer

A plan for how you will spend your money

Answer

A list of all the things you want to buy

Answer

A way to save money

Answer

A way to borrow money

Question 20

Which of these is a smart way to spend money?

Accepted Answer

Only buying things you need

Answer

Buying everything you want

Answer

Borrowing money to buy things

Answer

Spending all your money at once

Question 21

What do we use money for?

Accepted Answer

To buy things we need or want

Answer

To play games with friends

Answer

To make wishes

Answer

To decorate our homes

Question 22

Which of the following is a paper form of money?

Accepted Answer

Bill

Answer

Check

Answer

Coin

Answer

Card

Question 23

When you go shopping, what is the name of the place where you pay for things?

Accepted Answer

Store

Answer

Bank

Answer

School

Answer

Hospital

Question 24

At a bank, who is the person that helps you with your money?

Accepted Answer

Banker

Answer

Teacher

Answer

Doctor

Answer

Police officer

Question 25

What is the smallest type of coin in the United States?

Accepted Answer

Penny

Answer

Nickel

Answer

Dime

Answer

Quarter

Question 26

When you save money in a special account, you might earn something extra. What is this extra thing called?

Accepted Answer

Interest

Answer

Charge

Answer

Reward

Answer

Fine

Question 27

Which of these is not considered money?

Accepted Answer

Stamps

Answer

Coins

Answer

Paper bills

Answer

Credit cards

Question 28

What do we primarily use money for?

Accepted Answer

Buying goods and services

Answer

Saving for the future

Answer

Giving to charity

Answer

Investing in stocks

Question 29

Where can people store their money to keep it safe?

Accepted Answer

In a bank

Answer

In their pockets

Answer

Under their bed

Answer

In the mailbox

Question 30

Which coin is worth the least in the United States?

Accepted Answer

Penny

Answer

Nickel

Answer

Dime

Answer

Quarter

Question 31

Which paper bill has the lowest value in the United States?

Accepted Answer

$1 bill

Answer

$5 bill

Answer

$10 bill

Answer

$20 bill

Question 32

What machine do you use to get money from a bank when there's no teller around?

Accepted Answer

ATM

Answer

Teller machine

Answer

Cash machine

Answer

Money dispenser

Question 33

Which of the choices below is NOT a type of coin?

Accepted Answer

Bill

Answer

Dime

Answer

Nickel

Answer

Penny

Question 34

What is the name of the paper currency used in the USA?

Accepted Answer

Dollar

Answer

Peso

Answer

Pound

Answer

Euro

Question 35

Which of the choices below is the smallest unit of currency in the USA?

Accepted Answer

Penny

Answer

Nickel

Question 36

What is the symbol used for the dollar?

Accepted Answer

$

Answer

£

Answer

€

Answer

¥

Question 37

Which of the following is a place where you can keep and manage your money?

Accepted Answer

Bank

Answer

Store

Answer

friend's house

Answer

School

Question 38

What can you do with a checking account?

Accepted Answer

Put money in and take money out

Answer

Save money for later

Answer

Borrow money

Answer

Invest money in the stock market

Question 39

Which of the choices below is NOT a way to earn money?

Accepted Answer

Playing video games

Answer

Working a job

Answer

Selling things

Answer

Helping others

Question 40

Which of these is NOT considered money?

Accepted Answer

Stamps

Answer

Coins

Answer

Paper bills

Answer

Credit cards

Question 41

What is the name of the paper money used in our country?

Accepted Answer

Dollars

Answer

Euros

Answer

Pounds

Answer

Yen

Question 42

What is the symbol for the dollar?

Accepted Answer

$

Answer

€

Answer

¥

Answer

£

Question 43

Which of these is NOT a benefit of using banks?

Accepted Answer

Losing all your money

Answer

Keeping money safe

Answer

Earning interest on savings

Answer

Getting loans

Question 44

Who at a bank helps you with your money?

Accepted Answer

Teller

Answer

Manager

Answer

Loan officer

Answer

Security guard

Question 45

Which of these is NOT a coin?

Accepted Answer

Bill

Answer

Penny

Answer

Nickel

Answer

Dime

Question 46

Which of these is not a type of money?

Accepted Answer

Stamps

Answer

Coins

Answer

Paper bills

Answer

Credit cards

Question 47

What is the name of the safe place where we keep our money?

Accepted Answer

Bank

Answer

Store

Answer

School

Answer

Home

Question 48

Which of these can you buy with money?

Accepted Answer

Food

Answer

Friends

Answer

Happiness

Answer

Love

Question 49

How much is a quarter worth?

Accepted Answer

25 cents

Answer

5 cents

Answer

10 cents

Answer

50 cents

Question 50

Which is the biggest coin in the United States?

Accepted Answer

Quarter

Answer

Penny

Answer

Nickel

Answer

Dime

Question 51

What is NOT a reason we use money?

Accepted Answer

To have fun

Answer

To buy something

Answer

To save it

Answer

To trade with others

Question 52

Which of these is a place where you can go to get a loan or other financial services?

Accepted Answer

Bank

Answer

Post office

Answer

Grocery store

Answer

School

Question 53

Which of these is a type of money?

Accepted Answer

Penny

Answer

A car

Answer

A computer

Answer

A T-shirt

Question 54

Which of these is NOT a service provided by banks?

Accepted Answer

Selling cars

Answer

Saving money

Answer

Borrowing money

Answer

Exchanging money

Question 55

What is the smallest coin in the United States?

Accepted Answer

A penny

Answer

A nickel

Answer

A dime

Answer

A quarter

Question 56

What is a good way to save money?

Accepted Answer

Put it in a piggy bank

Answer

Spend it all at once

Answer

Hide it under your pillow

Answer

Give it to your friends

Question 57

Which of these is NOT a way to earn money?

Accepted Answer

Borrowing money

Answer

Working a job

Answer

Selling lemonade

Answer

Winning the lottery

Question 58

What is the paper money used in the United States called?

Accepted Answer

Dollar

Answer

Euro

Answer

Pound

Answer

Yen

Question 59

How much is a nickel worth?

Accepted Answer

5 cents

Answer

1 cent

Answer

10 cents

Answer

25 cents

Question 60

Which of these coins is worth the most?

Accepted Answer

Quarter

Answer

Penny

Answer

Nickel

Answer

Dime

Question 61

What is the main reason we use money?

Accepted Answer

To buy things we need

Answer

To keep our money safe

Answer

To show how much money we have

Answer

To play games

Question 62

Where can you put your money to keep it safe and make it grow?

Accepted Answer

Bank

Answer

School

Answer

Home

Answer

Store

Question 63

Which of the following is NOT something banks do?

Accepted Answer

Sell you candy

Answer

Let you put money in your account

Answer

Let you take money out of your account

Answer

Help you pay your bills

Question 64

Which of these bills is worth the most money?

Accepted Answer

$20

Answer

$1

Answer

$5

Answer

$10