Building and Enhancing MIDTERM Quiz 1

Building and Enhancing MIDTERM Quiz 1

University

15 Qs

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Building and Enhancing MIDTERM Quiz 1

Building and Enhancing MIDTERM Quiz 1

Assessment

Quiz

Education

University

Practice Problem

Medium

Created by

Jamie Sellado

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

They defined financial literacy as the "ability to read, analyze, manage, and communicate about personal conditions that affect material well-being".

Council for Economic Education

Bangko Sentral ng Pilipinas

National Endowment for Financial Education

World Bank

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It is otherwise known as the "Economic and Financial Literacy Act".

RA 10929

RA 10922

RA 10229

RA 10992

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In 2015, they revealed that Philippines does not have a national strategy for financial education and literacy.

Asian Development Bank

World Bank

Bangko Sentral ng Pilipinas

Standard & Poor's Ratings

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

According to S&P's Ratings services survey, how many percent of Filipinos are financially literate?

75%

50%

35%

25%

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

They often live beyond their means and spend more than they earn.

Frugal People

Pleasure Seekers

Powerful People

Status

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It occurs when one mindlessly purchases items that he or she does not need.

Habitual Spending

Impulsive Spending

Fixed Expenses

Variable Expenses

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

It occur regularly but the amount you pay varies.

Fixed Expenses

Variable Expenses

Expenses

Habitual Spending

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