Money

What are the functions of money?

• Salary, Bonus, Commission, Inheritance

• Income, Expenditure, Budgeting, Debt

• Saving, Spending, Borrowing, Investing

• Unit of account, Means of exchange, Store of value, Legal tender

What is the role of money influenced by?

• Sports, Music, Art, Literature

• Food, Health, Education, Entertainment

• Weather, Geography, Technology, Fashion

• Personal attitudes, Life stages, Culture, External influences

What are the common principles to be considered in planning personal finances?

• Traveling, buying luxury items, investing in stocks, donating to charity

• Playing sports, going on vacation, attending concerts, buying art

• Avoiding getting into debt, controlling costs, remaining solvent, generating income and savings

• Playing video games, watching movies, going shopping, eating out

Which of the payment methods listed in Table 3.2 do you use regularly or semi-regularly?

• Cash, Debit card, Credit card, Mobile payment

• Cheque, Bitcoin, Barter, IOU

• Stocks, Bonds, Mutual funds, Real estate

• Gold, Silver, Platinum, Diamond

What are the common types of current bank accounts?

• Savings account, Checking account, Money market account, Certificate of deposit

• Piggy bank, Shoebox, Mattress, Wallet

• Dollar, Euro, Pound, Yen

• Penny, Nickel, Dime, Quarter

What is the purpose of accounting?

• To market, sell, and distribute financial products

• To design, build, and maintain financial systems

• To entertain, inspire, and educate through financial storytelling

• To record, analyze, and report financial transactions

What is the best definition of money?

• A piece of paper, a metal coin, and a digital currency

• A tool for trade, a weapon for war, and a shield for survival

• A medium of exchange, a unit of account, and a store of value

• A symbol of power, a source of happiness, and a cause of conflict

What forms can money take?

• Toys, Games, Gadgets, Electronics

• Books, Music, Movies, Art

• Food, Clothing, Shelter, Transportation

• Cash, Bank Deposits, Digital Currency, Precious Metals

What are the sources of personal financial advice?

• Financial advisors, Banks, Credit unions, Online resources

• Friends, Family, Neighbors, Strangers

• Pets, Plants, Rocks, Stars

• Fiction, Fantasy, Mystery, Romance

What are the factors that influence the role of money?

• Food, Health, Education, Entertainment

• Weather, Geography, Technology, Fashion

• Personal attitudes, Life stages, Culture, External influences

• Sports, Music, Art, Literature