BOOTCAMP - DAY THREE QUIZ

What is a budget?

• A game

• A money box

• A plan for spending money

• A school test

What should come first in your budget?

• Toys

• Games

• Food and clothes

• Candy

What is the best thing to do with your allowance?

• Spend it all at once

• Save some and spend some

• Give it away

• Eat it

Why do we use a scale of preference?

• To eat all our snacks

• To buy what we like first

• To know what to buy first

• To hide our money

Why is it good to know the difference between needs and wants?

• To buy more candy

• To make better choices

• To forget your money

• To never save

You buy a pencil for ₦150 and pay with ₦200. How much change should you get?

• ₦100

• ₦50

• ₦25

• ₦75

Which of these is a NEED?

• Ice cream

• Toy

• Water

• Video game

What is a scale of preference?

• A way to count your toys

• A list of things in order of importance

• A shopping bag

• A school rule

Why do we make a budget?

• To play

• To spend all our money

• To use money wisely

• To lose money

If you get ₦500 every week, how much will you have in 2 weeks?

• ₦1,000

• ₦750

• ₦500

• ₦200