Understanding the Differences Between the Rich and the Poor

Understanding the Differences Between the Rich and the Poor

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Jennifer Brown

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key financial habit that distinguishes the wealthy from the less affluent?

Paying oneself first and investing

Spending money on luxuries first

Relying on credit cards

Avoiding all forms of investment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do wealthy individuals typically manage their mornings?

They sleep in to get more rest

They wake up early to seize opportunities

They wake up late and relax

They spend mornings watching TV

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common trait among successful individuals regarding learning?

They rely solely on their existing skills

They continuously invest in self-improvement

They avoid reading books

They stop learning after school

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to have savings according to the video?

To lend money to others

To avoid paying taxes

To be prepared for tough times and seize opportunities

To buy luxury items

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a financial mistake that the less affluent often make?

Paying off debts quickly

Taking loans for unnecessary purchases

Saving money for emergencies

Investing in stocks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do wealthy individuals approach income generation?

They rely on a single job

They focus on short-term gains

They have multiple sources of income

They depend on lottery winnings

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common characteristic of wealthy individuals regarding their life goals?

They drift without a clear purpose

They avoid setting long-term goals

They have a defined purpose and work persistently towards it

They change goals frequently

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