FINANCIAL LITERACY QUIZ

Financial literacy in Education is the cognitive understanding of financial components and skills for the following except:

• budgeting

• borrowing

• investing

• business

True or False:

In recent decades, financial products and services have become decreasingly widespread throughout society.

The following are all core competencies of financial literacy except:

• Management

• Earning

• Saving & Investing

• Borrowing

Differentiating between NEEDS and WANTS is the basic concept of controlling ________.

• Borrowing

• Spending

• Protecting

• Earning

Financial literacy encompasses knowing how investment decisions made today will impact your tax liabilities in the future. This statement is under the ________ of Financial literacy?

• Benefits

• Strategies

• Scope

• Principles

The 5 broad principles of Financial Literacy include the following except:

• EARN

• SPEND

• BORROW

• PAY

The 3 dimensions considered in designing an assessment pertaining to the essential skill of financial literacy in the 21st century are _______, Processes, and Contexts

It refers to bringing money home from a job, self-employment, or return on various investments.

• Saving & Investing

• Borrowing

• Spending

• Earning