Grade 9 - Quiz Bee (UST JHS IA)

The money one receives for work or through investments.

• debt

• income

• capital

• assets

True or False:

In the real world, you don't get paid for effort but rather when you create value for others.

• True

• False

The money one spends in order to get something.

• income

• debt

• expenses

• profit

True or False:

One's Expenses should be more than one's income.

• True

• False

In the 50-30-20 budgeting tip presented in the video, what constitutes the 50%?

• Savings

• Fixed Costs

• Entertainment

• Investments

When planning a budget, one should identify his/her fixed costs. The following are examples of fixed costs except:

• Monthly rent

• Utility Bills

• Tuition Fee

• Movie Tickets

Following the 50-30-20 budgeting tip, how much should a person save if he earns Php 1000.00?

• Php 500.00

• Php 300.00

• Php 200.00

• Php 100.00

In the video, this is considered as the first step to financial literacy.

• Making Investments

• Opening a Savings Account in the Bank

• Getting an Insurance

• Making a Budget Plan

These pertain to the money or property you own that has value.

• Assets

• Liabilities

• Debt

• Tax

Complete the Statement:

The road to building assets starts with _____.

• budgeting

• investing

• saving

• spending