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WorksheetsMinieMoney Michaelmas Term Quiz
Total questions: 21
Worksheet time: 16mins
What is Money?
Money is a coin.
Money is paper.
Money can be in form of coins or bills.
Money is just a name.
Name four currencies that you know.
(a)
What are some sources of money?
Internet
Wardrobe
Gifts
Income
Pocket Money
Biggie bank
Water bottle
Mummy's handbag
Income from a job
Daddy's pocket
School bag
Under the pillow
Income from a job
Pocket money
Gifts
Selling goods and services
What is earning?
Earning is the money you receive as payment for the work you have done.
Earning is tax that you pay.
Earning is money that you give to the needy.
Which of these is a source of earning?
Loans
All of the above
Interest on investment
Salary
List two creative things you can do to make money.
Which of these statements are true?
You do not need a budget to manage your money.
A budget is a plan for managing your money.
If you have a budget, you will make bad financial decisions.
Budgeting is only for adults
What are the types of budget?
Internet
Corporate
Travel
Clothing
Government
Candy
Personal
School
Family
Personal
Government
Corporate
What rule do we use to budget?
50-30-10%
50-30-20%
20-20-60%
80-5-15%
Which of these are your needs?
Electricity
Netflix
Candy
Cake
What do we save money for?
You want to take a trip to Mauritius. What category does it fall under?
Needs
Savings
Wants
What is savings?
Savings is when you share money to the needy.
Savings is when you put asides money for PS5.
Savings is when you put money aside for some of your earnings to use for later and a particular purpose.
Savings is when you collect money from your parents.
I do not earn enough so I can't save my money.
False
True
Name two types of savings accounts.
Which of these accounts can you open with as little as N1000?
Money Market account
Regular savings account
High yield account
Money market account
What ways can you use to save money?
If you save $100 for 5 years, how much will you have?
$1600
$16000
$6000
$600
Spending is the act of...
Saving your money
Giving your money to anybody
Giving money to pay for goods and services
Keeping money in your bank account
Which of these is a good spending habit?
Having a shopping list
Buying things on impulse
Buying to show off to your friends
Picking things from a store without paying
Which of these is a bad spending habit?
Sticking to your budget
Emotional buying
Tracking your spending
