Economics and Banking Quiz

Is the scale of preference a good tool? TRUE/FALSE

Can our wants control us?

• True

• False

• Maybe

We can always limit our ________.

• Wants

• Needs

• Mind

The scale of ______ helps us allocate our resources wisely.

• Chicken

• Measurement

• Preference

Food, water, and shelter are human ________.

• Wants

• Needs

• Decisions

Which of these is a function of the bank?

• Depositing money

• Spending recklessly

• Giving away money

Digital banking is possible with the aid of _________.

• Bank

• Internet

• Air

Always prioritize your ________ over ___________.

• Needs, Wants

• Wants, Needs

• Clothing, Shelter

Long-term saving means saving our __________ for a long time.

• Money

• Life

• Situation

Opportunity cost is the value of the best next ______ forgone when a choice is made.

• Cash and Carry

• Investment

• Alternative