Personal Financial Literacy Review

What do you call the ability to know how to handle your money in terms of planning, calculating, budgeting and investing?

• Financial literacy

• Monetary fluency

• Economic intellectualism

• Expenditure comprehension

According to the text, what is an important reason for young people to know how to manage their finances?

• So they could be independent.

• So they could shop more freely.

• So that they are prepared for the unknown.

In Ireland, nearly half of young people aged between 13 and 18 worry about managing money.

• True

• False

What is the overall idea of the text?

• To promote the need for financial education in schools.

• To promote excessive spending in schools.

• To showcase that women spend more than men.

• To give a solution to the lacking education system.

Which of the following sentences uses the correct form of the verb?

• She go to the market every Saturday.

• She goes to the market every Saturday.

• She going to the market every Saturday.

• She gone to the market every Saturday.

What is the synonym of the word 'frugal'?

• Extravagant

• Thrifty

• Lavish

• Generous

Identify the sentence with the correct punctuation.

• I need to buy groceries, milk, eggs, and bread.

• I need to buy groceries milk eggs and bread.

• I need to buy groceries; milk, eggs, and bread.

• I need to buy groceries: milk eggs and bread.

Which word is an antonym of 'prosperous'?

• Affluent

• Wealthy

• Impoverished

• Thriving

Choose the sentence that is grammatically correct.

• Neither of the answers are correct.

• Neither of the answers is correct.

• Neither of the answer is correct.

• Neither of the answer are correct.

What is the main idea of the following passage? 'Financial literacy is crucial for managing personal finances effectively. It involves understanding budgeting, saving, and investing.'

• Financial literacy is about spending money.

• Financial literacy is only about saving money.

• Financial literacy is crucial for effective personal finance management.

• Financial literacy is not important.