Financial Literacy Quiz

How familiar are you with the concept of the "time value of money"?

• Very familiar, I can easily explain it.

• Somewhat familiar, I’ve heard of it before.

• Not very familiar, but I’d like to learn more.

• I’ve never heard of this concept.

In your opinion, is it better to save money in a low-interest savings account or invest in higher-risk stocks?

• Better to save, because it’s lower risk.

• Better to invest in stocks, because of the potential for higher returns.

• Both are important, depending on financial goals.

• I’m not sure.

How well do you understand the difference between "saving" and "investing"?

• I understand the difference clearly.

• I know the concepts but sometimes get confused.

• I have a basic understanding of the difference.

• I haven’t learned about this yet.

How important do you think it is to understand risk and return when making financial decisions?

• Very important, it’s fundamental to every financial decision.

• Important, but I don’t know much about it yet.

• Not that important, as long as my money grows.

• I’m not sure what "risk and return" mean.

What is your attitude towards credit cards?

• I avoid using credit cards whenever possible.

• I use credit cards occasionally for convenience but pay off the balance each month.

• I use credit cards regularly and carry a balance from time to time.

• I rely heavily on credit cards and often carry a significant balance.

Do you feel confident in your understanding of compound interest in savings and investments?

• Yes, I understand it well.

• I’ve heard of compound interest, but I don’t fully grasp it yet.

• I’m not familiar with this concept.

• I’m not interested in compound interest.

When you hear about bonds, what’s the first thing that comes to mind?

• Low-risk financial instruments with fixed returns.

• Complicated financial instruments that are hard to understand.

• A safe investment option, but with lower returns.

• I’ve never heard of bonds.

How interested are you in learning about how the stock market works and investing in the stock market?

• Very interested, I want to learn more about stock investing.

• Somewhat interested, but I feel the stock market is too risky.

• Not very interested, I prefer more stable investment options.

• I don’t know much about the stock market.

Do you think making good financial decisions is just about "making as much money as possible"?

• Yes, the more money you make, the better.

• No, financial decisions should also consider risk and future needs.

• I’m not sure, but I’d like to learn more about this.

• I don’t know.

How important do you think it is to learn about financial management for everyday life (e.g., retirement planning, investing, buying a house)?

• Very important, I believe financial management affects my life.

• Important, but I haven’t thought about it much.

• Not too important, as long as I have enough money for my daily needs.

• I don’t feel financial management is very relevant to my life.