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WorksheetsFinancial Literacy
Total questions: 15
Worksheet time: 8mins
What is money?
A medium of exchange for goods and services
Goods sold by a farmer
Services provided by a barber
If you do not have enough money to buy something, you can ...........................
steal it
save more money then buy it later
buy something that costs more
Which of the following statements is TRUE?
Money grows on trees.
Money does not come free.
Saving is a really bad idea.
Which of the following are the three categories of spending plan?
Save, Steal, Spend
Spend, Save, Share
Steal, Spend, Sell
Money is earned. It is the reward for ...........................
doing work
sleeping
shopping
What is Financial Literacy?
The ability to understand and properly manage money
The ability to waste money
The ability to do work
"Needs are the things you must have to survive."
FALSE
TRUE
Which of the following is the symbol for the Nigerian currency?
The logo above is the symbol of which currency?
US Dollar
British Pound
Nigerian Naira
Japanese Yen
Select the chores a child might do at home as a part of the family.
Clearing the dinner table
Folding the laundry
Dusting the furniture
Feeding the pet
"As a child, it is your resposibility to spend and save your money wisely."
TRUE
FALSE
To 'share' money means to ..................
save money
give money to other people in need
to spend money wastefully
When you regularly keep money to later use it, you are ......................
sharing it
saving it
wasting it
Where can you safely keep your money for saving? (Select all the correct options)
In a bank
In a piggy bank
In a money jar
Under your pillow
"Some jobs pay more money than others."
TRUE
FALSE
