Recap Day 1 HR FI (Y7&Y8)

What is financial intelligence?

• Knowing how to cook.

• Understanding how to make smart decisions about money

• Memorizing history facts

• Writing stories

What is money mainly used for?

• To play games

• To collect points

• To make art

• A tool used to buy goods and services

Which of the following is not a form of money?

• cheques

• Coins

• Digital payments (Touch N Go ewallets)

• A cup of coffee

Why is money important in our daily lives?

• It is a way to make friends

• It allows us to exchange goods and services

• It is used for playing games

• It can be traded for toys only

What does the term "saving money" mean?

• Spending all your money on video games

• Putting money aside for future use

• Giving your money away

• Borrowing money from a friend

What is an example of good financial decision-making?

• Spending money as soon as you get it

• Listing out budget and stick to budget plan.

• Buying anything you want whenever you feel like it

• Never thinking about your future needs

Which of the following is a form of digital money?

• A gift card

• Coins

• Paper money

• Mobile payments

What happens when you spend more money than you earn?

• You get more money

• You will become rich

• You may end up in debt

• You save more money

What is the benefit of saving money?

• You will never need it again

• You can waste it later

• You can spend it on anything

• You are prepared for future expenses or emergencies

What does the term "medium of exchange" mean in relation to money?

• Money can be thrown away

• Money is used to trade for goods and services

• Money is stored in a vault

• Money is a form of measurement