MinieMoney Michaelmas Term Quiz

What is Money?

• Money is a coin.

• Money is paper.

• Money can be in form of coins or bills.

• Money is just a name.

Name four currencies that you know.

(a)  

What are some sources of money?

• Internet

  Wardrobe

  Gifts

  Income

• Pocket Money

  Biggie bank

  Water bottle

  Mummy's handbag

• Income from a job

  Daddy's pocket

  School bag

  Under the pillow

• Income from a job

  Pocket money

  Gifts

  Selling goods and services

What is earning?

• Earning is the money you receive as payment for the work you have done.

• Earning is tax that you pay.

• Earning is money that you give to the needy.

Which of these is a source of earning?

• Loans

• All of the above

• Interest on investment

• Salary

List two creative things you can do to make money.

Which of these statements are true?

• You do not need a budget to manage your money.

• A budget is a plan for managing your money.

• If you have a budget, you will make bad financial decisions.

• Budgeting is only for adults

What are the types of budget?

• Internet

  Corporate

  Travel

• Clothing

  Government

  Candy

• Personal

  School

  Family

• Personal

  Government

  Corporate

What rule do we use to budget?

• 50-30-10%

• 50-30-20%

• 20-20-60%

• 80-5-15%

Which of these are your needs?

• Electricity

• Netflix

• Candy

• Cake