Financial Literacy

What is a financial goal?

• A plan for what you want to do with your money.

• A method to save money for emergencies.

• A strategy to invest in stocks and bonds.

• A way to track your daily expenses.

Why is saving money important?

• It helps you buy things you want in the future.

• It allows you to spend more money now.

• It makes you rich instantly.

• It is a way to avoid paying taxes.

Putting money in the bank is called ?

• Investing

• Saving

• Spending

• Borrowing

What is a loan?

• Money borrowed that must be paid back.

• A type of investment that earns interest.

• A gift of money that does not need to be returned.

• A financial penalty for late payments.

What does it mean to invest money?

• To use money to make more money.

• To save money for future use.

• To spend money on unnecessary items.

• To borrow money from a bank.

If you borrow something, what should you do?

• Return it in good condition.

• Keep it for as long as you want.

• Sell it to someone else.

• Forget about it.

Taking money out of the bank is called ..........

• Deposits

• Withdrawals

• Transfers

• Investments

To put money in a bank account is a __________.

• Withdrawal

• Transfer

• Deposit

• Loan

What is interest in banking?

• Money the bank pays you for keeping your money there.

• A fee charged by the bank for loans.

• The amount of money you deposit in your account.

• A tax imposed on bank transactions.

What is a bank?

• A place where you can keep your money safe.

• A type of investment that guarantees high returns.

• A government institution that prints money.

• A location for buying and selling stocks.