How to use this quiz
A 15-question assessment quiz designed for the end of the KS2 Money & Society unit. Total time: 35-40 minutes. Each question has a marking note for teacher use. Use after completing all 6 lessons in the KS2 Money & Society unit.
Total marks available: 29. Progression note: A pupil scoring 22+ /29 is ready to begin the KS3 Personal Tax Foundations unit.
Quiz questions + teacher answer key
Click "Teacher answer + marking note" on each question to reveal the model answer. Print this page (with details expanded) for a paper-based mark scheme, or use on-screen for live marking.
Question 1 (2 marks)
Define a "current account" in one sentence.
Teacher answer + marking note
Model answer: A bank account used for everyday spending, with easy access to money via card, app or cheque. (Or similar.) 2 marks.
Question 2 (2 marks)
Define a "savings account" in one sentence.
Teacher answer + marking note
Model answer: A bank account designed to hold money you don't need right away, usually paying interest in return. 2 marks.
Question 3 (2 marks)
You buy something for £4.65 and pay with a £10 note. How much change?
Teacher answer + marking note
Model answer: £10 − £4.65 = £5.35
Question 4 (3 marks)
Brand X cereal is £3 for 500g. Brand Y is £4 for 750g. Which gives more grams per £1?
Teacher answer + marking note
Model answer: Brand X: 500/3 = 166.7g per £1. Brand Y: 750/4 = 187.5g per £1. Brand Y is better value.
Question 5 (2 marks)
You want to save £40 in 8 weeks. How much per week?
Teacher answer + marking note
Model answer: £40 ÷ 8 = £5/week
Question 6 (1 mark)
You get £3/week pocket money. After 12 weeks, how much have you saved?
Teacher answer + marking note
Model answer: £3 × 12 = £36
Question 7 (2 marks)
Name 2 UK charities and what cause they help.
Teacher answer + marking note
Model answer: e.g. British Heart Foundation (heart disease), RSPCA (animals), Oxfam (poverty), Cancer Research UK, etc. Any 2 with correct cause.
Question 8 (2 marks)
What is Gift Aid?
Teacher answer + marking note
Model answer: A scheme letting UK charities reclaim 25p of basic-rate tax for every £1 a UK taxpayer donates. 2 marks.
Question 9 (1 mark)
A scammer says "You've won £500 — click this link!" What red flag is this?
Teacher answer + marking note
Model answer: B — Too good to be true / fake prize.
Note: Correct: too good to be true.
Question 10 (3 marks)
Name 3 rules for a strong password.
Teacher answer + marking note
Model answer: At least 12 characters, mix of letters/numbers/symbols, no real words, unique per account, never reuse, etc. Any 3.
Question 11 (1 mark)
Who should you tell if an online message about money scares you?
Teacher answer + marking note
Model answer: A trusted adult (parent, carer, teacher). Award 1 mark for naming a trusted adult.
Question 12 (3 marks)
You see a "buy 2 get 1 free" offer on £3 items. Per item, is it cheaper than buying 1 at £3?
Teacher answer + marking note
Model answer: Buy 2 at £3 each = £6 for 3 items = £2 each. Yes, cheaper than £3 each.
Question 13 (2 marks)
Name 2 things you should NEVER do online with money.
Teacher answer + marking note
Model answer: Never share PIN, never send bank details to a stranger, never click suspicious links, never act under urgency pressure, etc. Any 2.
Question 14 (2 marks)
You're saving for a £30 game. You can save £4/week. How many weeks?
Teacher answer + marking note
Model answer: £30 ÷ £4 = 7.5 weeks. So 8 weeks (rounded up).
Question 15 (1 mark)
True or false: Some charities help people, and some help animals, and some help the environment.
Teacher answer + marking note
Model answer: A — True.
Note: True.
Follow-up homework
After the quiz, set 2 reflection tasks suited to ages 7–11: (1) Pupils write 2–3 sentences about the question they got most wrong and what the right answer taught them. (2) With an adult at home, pupils look up one fact about a topic from the quiz on a trusted site (BBC Bitesize is a good fit for this age group) and bring it to the next lesson.