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LCB Work Readiness

LCB Work Readiness

Assessment

Quiz

Financial Education

Professional Development

Medium

Created by

Project Sendwich

Used 3+ times

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8 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What is a budget?

A loan

A way to save money

A plan for spending money

A type of bank account

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What is a healthy habit to practice for reducing financial stress?

Overspending

Ignoring debt

Keeping financial secrets

Setting financial goals

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Where is the best place to keep an emergency fund?

Under your mattress

Investment account

Bank savings account

Fixed deposit

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What is a financial advisor?

A person who treats you coffee

A person who gives financial advice

A person who manages your bank account

A person who collects money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the 50/30/30 rule in budgeting?

Debts/Savings/Expenses

Savings/Investments/Debt

Needs/Wants/Savings

Expenses/Savings/Emergency Fund

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which one of the following is an example of 'NEEDS'?

Entertainment

Travel

Rent

Dining Out

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

How many months' worth of living expenses is it generally recommended to save in an emergency fund?

1 - 3 months

3 - 6 months

6 - 9 months

9 - 12 months

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does the 'S' in SMART goals stand for?

Secure

Simple

Short - term

Specific