Financial Literacy Quiz

Financial safety net used for future emergency situations or unexpected expenses.

• Budget

• Emergency Fund

• Savings

• All of the above

The rate at which the value of a currency is falling and consequently the general level of prices for goods and services is rising.

• GDP

• Inflation

• Unemployment

• Stagflation

Any marketplace where the trading of securities occurs.

• Commodities Market

• Financial Market

• Derivatives Market

• Forex Market

A type of financial market that offers opportunities for companies and the government to secure money to finance a project or investment.

• Bonds Market

• Stock Market

• Commercial Bank

• All of the above

Ideally, an emergency fund should amount to how many months of your expenses?

• 3-6

• 4-6

• 5

• 7

Inflation increases your purchasing power.

• True

• False

• Maybe

• I don’t know

What are the types of financial markets based on issuance?

• Money Market and Capital Market

• Primary Market and Secondary Market

• Debt Market and Equity Market

• Buying Market and Selling Market

The entities that act as middlemen between two parties in a financial transaction.

• Financial Market

• Financial Goal

• Financial Capacity

• Financial Intermediaries

A financially literate person possesses the following qualities except:

• Has a financial plan

• Knows the available financial options

• Makes irrational decisions with resources

• None of the above

Which of the following is the proper savings equation?

• Income - expenses = savings

• Income - savings = expenses

• Expenses - income = savings

• Expenses - savings = income