Financial Literacy Quiz

What is "Income"?

• Money spent on various needs and wants

• Money received, especially on a regular basis, from work, business, or investments

• A financial plan for managing expenses

• A type of expense

What is "Savings"?

• Money spent on monthly expenses.

• Money set aside for future use.

• Amount owed to creditors.

• The total income received each month.

What is "Debt"?

• Money set aside for future needs.

• Money earned from a job.

• Money owed to others.

• Money spent on variable expenses.

What is "Interest" in finance?

• The cost of borrowing money.

• The amount saved each month.

• A type of fixed expense.

• The initial amount of a loan.

What is a "Loan"?

• Money given without the need for repayment.

• Money set aside for emergencies.

• Money borrowed that must be repaid with interest.

• A type of income.

What is a "Cell" in a spreadsheet?

• A single page within a spreadsheet file.

• A mathematical equation in a spreadsheet.

• The intersection of a row and column used to store data.

• A tool for automatic calculations.

What is a "Spreadsheet"?

• A software for text processing.

• A digital tool for organizing data in rows and columns.

• A web design tool.

• A graphic design application.

What is a "Row" in a spreadsheet?

• A vertical line of cells.

• A single cell.

• A function.

• A horizontal line of cells.

What is "Conditional Formatting"?

• Changing text colour.

• A function to add cells.

• A feature to change cell appearance based on certain conditions.

• Formatting cells for currency.

What is "AutoSum"?

• A tool to manually add selected cells.

• A function to add the contents of selected cells automatically.

• A formatting option for tables.

• A data entry feature.