Financial Literacy Questions

Which of the following is considered a physical form of legal currency?

• Cryptocurrency
• Bank Notes

• Savings Account

• Credit Card

Which financial instrument is issued by the government as a form of loan?

• Treasury Bond

• Credit Card

• Certificate of Deposit

• Digital Wallet

A student compares prices on earbuds. What role is money playing?

• Store of value

• Unit of measure

• Medium of exchange

• Income tool

Buying a concert ticket with cash is an example of:

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment

Why do businesses use credit?

What is most important when approving a loan?

• Borrower’s credit score

• Borrower’s income

• Borrower's ability to repay

• Borrower’s employment history

Not honoring return policies violates which responsibility?

• Advertising laws

• Consumer rights

• Business ethics

• Product quality

Why is truthful advertising important?

• It builds consumer trust and brand credibility.

• It increases production costs significantly.

• It allows companies to exaggerate product benefits.

• It reduces the need for market research.

What is gross pay?

What’s a risk of poor credit management?

• Lower prices

• Tax breaks

• Higher interest rates

• More discounts