Financial Literacy Quiz
Authored by Joshua Ndungu
Professional Development
12th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is the definition of financial literacy?
Understanding how to manage finances
Speaking multiple languages
knowing how to cook
Playing a musical instrument
2.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Why is financial literacy important?
To learn how to swim
To make informed decisions about money
To learn how to dance
To become a professional athlete
3.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is the purpose of budgeting?
To learn how to paint
To become a movie star
To control spending and ensure savings
To travel the world
4.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is an investment?
A type of car
An asset acquired to generate income or appreciation
A type of computer
A type of sandwich
5.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What are the benefits of saving?
To become a professional gamer
To protect against financial emergencies and reduce stress
To learn how to play a musical instrument
To buy expensive jewelry
6.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is the first step in achieving financial security?
Learning how to fly a plane
Learning how to ride a bike
Opening a savings account
Becoming a professional chef
7.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What should one understand when choosing an investment?
How to write a book
How to build a house
Return on investment, risk factor, tax consideration, liquidity, growth opportunity, and cost
How to bake a cake
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