Basic Money Management

Basic Money Management

9th - 12th Grade

12 Qs

quiz-placeholder

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Basic Money Management

Basic Money Management

Assessment

Quiz

Science

9th - 12th Grade

Practice Problem

Medium

Created by

Rahim Roslin

Used 6+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are 'wants'?

Things we cannot live without

Things we desire but may not actually need

The process of preparing a spending plan

Methods of payment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are 'needs'?

Things we desire but may not actually need

Things we cannot live without

The process of preparing a spending plan

Methods of payment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is budgeting?

The process of earning money

The process of preparing a spending plan

The method of paying bills

The process of saving money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of using cash?

Widely accepted

Fast and convenient

Can get lost or stolen

Can be used for online transactions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of payment requires topping up when the value runs low?

Cash

Stored-value card

Debit card

Cheque

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of using a debit card?

Can be sent through post

Can be used for online transactions

Card holder may buy on impulse

Incurs interest if not paid by due date

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of payment might have the signature forged as a disadvantage?

Cash

Stored-value card

Cheque

Hire purchase/instalment

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