Financial Literacy Quiz

What does "afford" mean?

• To borrow money

• To have enough money to buy something

• To lose something

• To work for wages

What is a "loan"?

• Money you keep in savings

• Money you borrow and must pay back

• Extra money you earn

• The price of an item

What does "profit" mean?

• The cost of something

• Money you borrow

• Money left after all expenses are paid

• Money saved for later

What does "prosper" mean?

• To do well and succeed, especially with money

• To take a risk

• To borrow money

• To spend all your savings

What does "risk" mean?

• The chance of losing something

• Saving money

• Paying wages

• Making a profit

What are "savings"?

• Money you borrow

• Money you keep instead of spending

• Money you earn from a job

• Extra profit from sales

What does "scarce" mean?

• Easy to find

• Hard to find and not enough of something

• Extra money

• A type of loan

What are "wages"?

• Money paid for work

• A type of loan

• Savings for the future

• Profit from sales

The money paid to a worker for their job is called?

• The money paid to a worker for their job

• The cost of an item

• Savings in a bank

• Borrowed money

If you can’t "afford" something, what does that mean?

• You have enough money

• You don’t have enough money

• You have to borrow

• You have saved extra