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