A Financial Literacy Quiz for your Kindergartener

AI's response in regular print | Beverly Hills, CFP®, Joe O'Boyle's in italics

“A Financial Literacy Quiz for your Kindergartener.”

Financial literacy for a kindergartener will be focused on very basic concepts related to money, such as recognizing coins, understanding the idea of buying things, and simple saving concepts.

1. What do you use to buy toys or candy?
   A) Apples
   B) Money
   C) Pencils
   D) Water
   

2. Which of the following is a coin?
   A) Banana
   B) Car
   C) Penny
   D) Shoe
   

3. If you have one dollar and you spend one dollar on a toy, how much money will you have left?
   A) One dollar
   B) Two dollars
   C) No dollars
   D) Five dollars
   

4. What might you put money in to save it?
   A) Trash Can
   B) Washing Machine
   C) Piggy Bank
   D) Tree
   

5. Which of the following is worth more?
   A) A nickel
   B) A penny
   C) A gum wrapper
   D) They are worth the same
   

6. If you want to buy a toy that costs $3, but you only have $1, do you have enough money?
   A) Yes
   B) No
   C) Maybe
   D) Definitely
   

7. What might you do with money when you go to a store?
   A) Eat it
   B) Hide it
   C) Spend it
   D) Sing to it
   

8. Which of the following can you save your money in at a bank?
   A) A sandwich
   B) A savings account
   C) A bathtub
   D) A book
   

9. What is a good thing to do with money?
   A) Throw it away
   B) Save some of it
   C) Paint it
   D) Cut it with scissors
   

10. If you have 5 pennies, how many cents do you have?
    A) One cent
    B) Five cents
    C) Ten cents
    D) Fifty cents
    

11. What could you do if you wanted more money for something expensive?
    A) Climb a tree
    B) Scream loudly
    C) Save your money over time
    D) Swim in a pool
    

12. If you give the cashier more money than something costs, what will the cashier give you back?
    A) Candy
    B) Toys
    C) Change (money back)
    D) A high five
    

13. Which of these is something adults often use to pay for things in a store?
    A) A pet cat
    B) A credit card
    C) A piece of cake
    D) A balloon
    

14. Why might you want to save money?
    A) To make it disappear
    B) To buy something you want later
    C) To feed it to your pet
    D) To put it in your shoes
    

15. What might you do with a dollar bill?
    A) Plant it in the garden
    B) Wear it as a hat
    C) Buy something at the store
    D) Watch it on TV
    

16. Which coin is worth 10 cents?
    A) Penny
    B) Nickel
    C) Dime
    D) Quarter
    

17. If something is free, how much money does it cost?
    A) One dollar
    B) Ten dollars
    C) A million dollars
    D) No dollars
    

18. What should you do if you find someone else's money?
    A) Keep it
    B) Buy toys
    C) Give it to an adult or someone who can help
    D) Put it in your mouth
    

19. What do you call the paper money you use to buy things?
    A) Bills
    B) Flowers
    C) Paintings
    D) Plates
    

20. Why is money important?
    A) It's fun to play with
    B) It helps people buy things they need and want
    C) It can be used as a pillow
    D) It can dance
    

Answers: 1-B, 2-C, 3-C, 4-C, 5-A, 6-B, 7-C, 8-B, 9-B, 10-B, 11-C, 12-C, 13-B, 14-B, 15-C, 16-C, 17-D, 18-C, 19-A, 20-B.

What did you think? How did AI do?

About OpenAI’s ChatGPT tool:
GPT (short for "Generative Pre-training Transformer") is a type of language model developed by OpenAI that is trained to generate human-like text. ChatGPT is specifically designed for generating text in a conversational style. It is a machine learning model and has been trained on large datasets of real-world conversations in order to learn the patterns and styles of human communication.

Joe O'Boyle is the founder and principal of O'Boyle Wealth Management, a full service financial planning and investment management firm, located in Beverly Hills, California. Joe O’Boyle was named to InvestmentNews 40 under 40 class of 2016, and has a catalog of financial planning and investing articles on Money.com & U.S. News. Disclosure information.