3rd grade · Social Studies · Unit 7 of 7
Money, Taxes & Voting
Trade, profit, banks, taxes and civic duty.
What your child practices
Practices why people specialize and trade, money, profit, banks, costs and benefits, incentives, how taxes pay for community services, city government, and voting as a civic duty.
Washington State Learning Standards learning standard: E1.3.1; E1.3.2; E2.3.2; E2.3.3; E2.3.4; E2.3.5; E2.3.7; E3.3.1; C2.3.1; C4.3.1; C4.3.3 · trade, money, profit, banks, incentives, local taxes, city government and voting
Sample questions
A taste of this unit. In the app, questions change every time and get easier or harder to match your child.
Question 1
What does a bank do?
- grows apples
- keeps money safe and lends money
- puts out fires
keeps money safe and lends money
Hint: Banks are financial institutions.
Question 2
How does a city pay for a new fire truck?
- with homework
- with lunch money
- with taxes
with taxes
Hint: Governments collect taxes to pay for services.
Question 3
What do local taxes help pay for?
- your toys
- schools, parks and roads
- your birthday cake
schools, parks and roads
Hint: Taxes support the community.
Question 4
Who makes laws for a city?
- the zoo keeper
- the fire chief
- the city council
the city council
Hint: City councils pass local laws.
Question 5
At what age can citizens vote in the United States?
- 18
- 8
- 50
18
Hint: Citizens 18 and older can vote.
Question 6
A store raises its price, so fewer people buy. This is a…
- negative incentive for buyers
- tax
- positive incentive for buyers
negative incentive for buyers
Hint: Higher prices discourage buying.