Which of the following is an example of a need?

Study for the 6th Grade Financial Literacy Test. Explore interactive quizzes and multiple-choice questions with insightful explanations. Prepare effectively today!

Multiple Choice

Which of the following is an example of a need?

Explanation:
In money skills, a need is something you must have to live and stay healthy. Food fits that idea because you need it to give your body energy and nutrients to grow and stay strong. The other options are wants—things that would be nice to have but aren’t essential for daily living. A video game, designer clothes, and cable TV are extras that people can choose to spend money on after meeting basic needs. So, the example of a need is food.

In money skills, a need is something you must have to live and stay healthy. Food fits that idea because you need it to give your body energy and nutrients to grow and stay strong. The other options are wants—things that would be nice to have but aren’t essential for daily living. A video game, designer clothes, and cable TV are extras that people can choose to spend money on after meeting basic needs. So, the example of a need is food.

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