Module 1.3 Learning Point 1 Multiple-choice questions

Which of the following are the main uses of money?

• Savings
• Donate to citizens in need
• Purchase goods or services
• Make stock investments

Which of the following is an example of money?

• A piece of clothing
• A banknote
• A coin
• An Octopus card

Which of the following is a necessary consumption?

• Food
• Electricity bill
• Transportation expenses
• Toy fee

Which of the following is an act of frugality?

• Sell and recycle unwanted clothing
• Save water and electricity in daily life
• Not eating or drinking to save money
• Set aside part of your income to buy things you love

What are the risks of excessive consumption among teenagers?

• Distorted ideas about money
• Increase psychological stress and affect mental health
• Increase personal financial burden
• All of the above

“Christopher subscribes for green bonds." Based on the above situation, what is Christopher’s main use of money?

• Consumption
• Investment
• Donation
• Savings

Which of the following statements about "credit card spending" is correct?

• Not a type of loan
• Consumers can pay only the minimum payment on or before the bill due date
• Consumers can pay off all payments on or before the bill due date
• Interest on credit card loans is mostly calculated as compound interest

Which of the following is a correct financial management skill?

• Use a different payment method
• Mainly to satisfy personal enjoyment
• Laissez-faire consumption patterns
• Keep track of personal expenses

The risk of insolvency does not include which of the following?

• Lower credit rating
• Cause bankruptcy
• Decreased self-esteem
• Wealth appreciation

Which of the following is a way to avoid investment pitfalls?

• Prioritize payment of handling fees
• Verify the authenticity of investment companies
• Purchase investment plans that claim “high returns and zero risk”
• Submit personal banking information to investment firms