Financial Literacy: Vacation Planning Quiz

What is the term for the money used in a particular country, such as dollars or euros?

• Currency

• Budget

• Insurance

• Savings

Which of the following is an example of a form of currency?

• Yen

• Kilometer

• Gram

• Liter

What does it mean to "convert currency"?

• To change money from one country’s form to another

• To save money in a bank

• To spend money on food

• To borrow money from a friend

What is a budget?

• A plan for how to spend and save money

• A type of currency

• A travel document

• A vacation destination

Which of the following is a reason to buy vacation insurance?

• To protect against unexpected events like trip cancellations

• To get a free hotel room

• To avoid paying for food

• To get a new passport

What is the best way to describe "saving up" for a vacation?

• Putting aside money over time for a future trip

• Spending all your money at once

• Borrowing money from friends

• Ignoring your expenses

If you have $100 and want to exchange it for euros, what process are you doing?

• Currency conversion

• Budgeting

• Insuring

• Investing

Which of the following is NOT a step in creating a vacation budget?

• Listing expected expenses

• Guessing how much money you have

• Calculating total costs

• Deciding how much to save

• 180 euros

• 190 euros

• 200 euros

• 220 euros

You want to save $300 for a vacation in 6 months. How much should you save each month?

• $50

• $30

• $60

• $25