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S2 Financial Investments

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What two options are open to you if you want to INVEST your money?

a)

Leave it in a drawer

b)

Put it in a savings account

c)

Spend your money on food

d)

Buy shares on the stock market

2.

Interest is paid either monthly or yearly.

a)

True

b)

False

3.

Interest rates never change.

a)

True

b)

False

4.

A student account is available for…

a)

12-16 year olds

b)

College and university students

c)

11-18 year olds

d)

High school students

5.

In a savings account, the more money you save the more interest you will earn.

a)

True

b)

False

6.

What is a budget?

a)

A way of monitoring how you spend your money

b)

A way to invest your money

c)

A type of bird

7.

What is the best thing to do with left over money?

a)

Put it in a savings account

b)

Buy random things

c)

Buy shares on the stock market

8.

What is best to do if you do not have enough money?

a)

Hope the shopkeeper lets you away with it

b)

Borrow from friends or family

c)

Take out a loan

d)

Buy shares on the stock market

9.

What are the disadvantages of borrowing money?

a)

There are none

b)

You might have to pay interest

10.

What kind of activities might you plan a budget for?

a)

Hill climbing

b)

Holiday

c)

Going a walk

d)

Day trip to Edinburgh