Finance Unbox-ED ($) - Grade 6-8 - Session 007 - Quiz 2

Select all the statements that are true about Financial IQ

• Financial IQ is how much money you make
• Financial IQ is how you manage your money
• Financial IQ is how you spend, save and invest
• All of the above

People with high Financial IQ will make sure that their wealth stays the same

• True
• False

Select all the statements that are true

• 1 out of 3 lottery winners go broke or bankrupt
• Bad decisions such as spending too much on wants make lottery winners go bankrupt
• Both of the above
• None of the above

Select all the statements that are true

• People with high financial IQ keep expenses lower than income
• People with high financial IQ make sure assets are same as liabilities
• People with high financial IQ earn more from active income than passive income
• All of the above

Select all instances of low financial IQ

• Eric saves money each month to buy a yacht
• Rahul saves money each month for a destination wedding
• John saves money each month to pay for his college fees
• None of the above