Financial Literacy Pre/Post Assessment

Please indicate your gender

• Male

• Female

The goal of Financial Literacy (FL) is

• to help you make informed financial decision

• to get you out of debt

• to help you save money

• to provide new knowledge

If a child is in STD III, and you put money aside for high school expenses, what type of goal is this?

• intangible

• intermediate

• short-term

• long-term

Please indicate if the item is a need or a want

• need

• want

Which of the following items is a fixed expense?

• water bill

• grocery bill

• car repairs

• mortgage

Which of the following services are not offered by commercial banks?

• Savings account

• ATM Withdrawals

• Mortgages

• Funeral benefit

What is the definition of a need?

• something you would like to have but will be okay without

• something you truly can't live without

• none of the responses

What is the minimum amount you should save as a percentage of your income?

• 10

• 20

• 30

• 50

A cost of goods or services that changes in amount over a period of time.

• variable expense

• necessities

• fixed expense

• budget

Which of the following is NOT a tip for saving?

• taking lunch to school

• drinking more water

• paying for items using hire purchase

• paying bills on time