FINANCIAL LITERACY QUIZ

1. How do we earn money?

• working

• doing a job

• all of the above

Which is not a way to earn money?

• working at office

• sitting down and doing nothing

• making clothes

What should you do when you first earn some money?

• buy yourself a gift

• save a portion

• spend all the earning

What two things have we learned about money so far?

• Trade and buy

• Interest and rate

• Earn and save

What does “Money doesn’t grow on trees’’ means?

• It is easy to earn money

• Be careful about spending money

• Earning and spending are equal

Pick the odd one odd.

• spend

• save

• plan a budget

Teach children how to _____________ money wisely.

• afford

• spend

• waste

Once you have spend and donated a portion of your money, what can you do with the remainder of your money.

• save it

• spend it wisely

• treat yourself to something nice

What do you understand by the term Financial Literacy?

• The ability to use knowledge and skills to spend more money.

• The ability to use knowledge and skills to make effective money management decisions.

What do we learn in Financial Literacy classes?

• How to spend more money and buy things we want.

• How to save money by creating personal budget and also understand the value of money to save it for future.