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Financial Literacy: Money 101

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

Why is money important?

a)

To make life better

b)

To take care of basic needs

c)

To be proud

2.

Why do you think it is important to understand the basics of how money works?

a)

To make life easier

b)

To make ends meet

c)

To make life convenient

d)

To be confident in oneself

3.

Is it true that, it is only money that can solve problem?

a)

True

b)

False

c)

Not sure

4.

Financial Literacy means?

a)

How to manage your money in a sensible way

b)

How not to manage you money

c)

How to spend money anyhow

d)

Ways and how to manage money to give a better results

5.

Factors that affect our attitude towards money and financial decisions are categories into ________.

a)

Five

b)

Four

c)

Three

d)

Two

6.

Good money management consists of knowing what your own relationship with money and attitude towards money are

a)

True

b)

False

c)

Not sure

7.

When one buy products, especially something expensive, the decisions you make can be affected by different type of pressure

a)

True

b)

False

c)

Not sure

8.

Social pressure and influence can affect our product and brand choice, especially when the product are seen and used publicly

a)

True

b)

False

c)

Not sure

9.

Social influence is a change in your attitude, beliefs, or behaviours that is shaped by the presence or action of others

a)

True

b)

False

c)

Not sure

10.

A status symbols is something that people want to have because they think others will admire your them if they have it.

a)

True

b)

False

c)

Not sure

11.

Symbolic consumption suggest that people are concerned about what others think of them and that opinion are at least partly based on how someone consume and own.

a)

True

b)

False

c)

Not sure

12.

Be aware of what influences your spending might help you manage your money better.

a)

True

b)

False

c)

Not sure

13.

You manage your money to get you closer to your goals

a)

True

b)

False

c)

Not sure