NEW
Font size
WorksheetsHave you upgraded your financial literacy?
Total questions: 10
Worksheet time: 7mins
Scarcity is defined as a limited supply of resources and...
limited wants for those resources
unlimited resources
limited resources
unlimited wants for available resources
What is opportunity cost?
the value of the next best option that is not selected when a choice is made.
there is not enough of it.
things people make to earn money.
actions people do to earn money.
What is credit?
Receiving goods and services now and paying for them later
The process of depositing money into your savings the day you receive it so you have savings later
Having ownership of a company based on how many stocks you have bought
Accumulating money each month for emergencies
When is interest paid?
When the company you have bought stock in has earned you a profit
When you borrow money from a lender and they charge you for the borrowed money
When you put money into your savings
When you over withdrawal in your bank account and you are charged a fee
Stocks are:
A share of ownership in a company
Organization pays interest to the lender
Form of lending to a company or the government
A specified time in the future when the principal amount of the bond is repaid to the bondholder
Which of these are not a type of asset?
Real Estate
Cash
Non-fungible tokens
Debt
The portion of the profits that falls to the share of each individual shareholder of a company.
Dividend
Shareholder
Audit
Accounts
What would you do after today?
Spend first before saving
Save first before spending
Spend all my allowance
Make impulse purchases
