WorksheetsFinancial Literacy Quiz
Total questions: 20
Worksheet time: 10mins
What type of income do we not actively work for?
Active
Sleep
Passive
Needs are things necessary for what?
Survival
Cravings
Taste buds
What should you always prioritize over wants?
Needs
Wants
Cravings
What kind of support does life insurance provide to the family of the deceased?
Spiritual
Moral
Financial
What is the extra money the bank gives you for saving called?
Rate
Interest
Money
What should we always try to limit?
Needs
Wants
Survival
What does risk refer to the possibility of happening?
Good
Passive
Bad
What is it called when you put money into your bank account?
Withdrawal
Deposit
Interest
Not washing your hands regularly increases the risk of getting what?
Poor
Fatigue
Sick
Which type of income do royalties represent?
Bad
Good
Passive
Is passive income considered free money?
True
Not sure
False
What do we insert in an ATM to withdraw money?
Card
Puzzle
USB
Which type of insurance helps cover medical expenses?
Car
Home
Health
What is the first step after choosing a bank to open an account?
Fill out an application
Deposit money
Get account details
What can protect you from financial loss?
Risk
Investment
Insurance
What is rent a reward for?
Investment
Book
Land
What are things that are not necessary for survival?
Needs
Wants
Survival
What kind of income can you earn by creating online content?
Bad
Good
Passive
Which of the following is an example of a need?
Food
Toys
Pizza
Which of the following is a type of bank account?
OPAY account
Savings account
Bank account
