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: undefined
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: undefined
Note: True.
Follow-up homework
After the quiz, set 2 reflection tasks: (1) Pupils write 200 words explaining the question they got most wrong and why. (2) Pupils select one topic from the unit they want to learn more about and find one external source (gov.uk, BBC Bitesize, Money Saving Expert) to extend their knowledge.