Finance Unbox-ED ($) - Grade 3-5 - Session 006 - Quiz 1

Savings is the money we set aside from our income for the future

• True
• False

Which of the following are the reasons for us to save?

• Our future is uncertain and we could have unexpected expenses or events
• In order to meet our planned expenses
• In order to buy high value items for which we do not have enough money now
• All of the above

Which of the following are the reasons for us to save?

• So we can invest and create wealth
• So we can take more loans for things we want
• Start your own business
• Build a retirement corpus for when we stop working

Spending all our money and not saving any for the future is?

• Instant Gratification
• Delayed Gratification

Who said this about delayed gratification - "Someone is sitting in the shade today because someone planted a tree a long time ago"

• Benjamin Graham
• Carl Icahn
• George Soros
• Warren Buffet