Financial Literacy

What is money?

• A medium of exchange for goods and services

• Goods sold by a farmer

• Services provided by a barber

If you do not have enough money to buy something, you can ...........................

• steal it

• save more money then buy it later

• buy something that costs more

Which of the following statements is TRUE?

• Money grows on trees.

• Money does not come free.

• Saving is a really bad idea.

Which of the following are the three categories of spending plan?

• Save, Steal, Spend

• Spend, Save, Share

• Steal, Spend, Sell

Money is earned. It is the reward for ...........................

• doing work

• sleeping

• shopping

What is Financial Literacy?

• The ability to understand and properly manage money

• The ability to waste money

• The ability to do work

"Needs are the things you must have to survive."

• FALSE

• TRUE

Which of the following is the symbol for the Nigerian currency?

• 
• 
• 
• 
• 

The logo above is the symbol of which currency?

• US Dollar

• British Pound

• Nigerian Naira

• Japanese Yen

Select the chores a child might do at home as a part of the family.

• Clearing the dinner table

• Folding the laundry

• Dusting the furniture

• Feeding the pet