WorksheetsEconomics and Banking Quiz
Total questions: 19
Worksheet time: 12mins
Is the scale of preference a good tool? TRUE/FALSE
Can our wants control us?
True
False
Maybe
We can always limit our ________.
Wants
Needs
Mind
The scale of ______ helps us allocate our resources wisely.
Chicken
Measurement
Preference
Food, water, and shelter are human ________.
Wants
Needs
Decisions
Which of these is a function of the bank?
Depositing money
Spending recklessly
Giving away money
Digital banking is possible with the aid of _________.
Bank
Internet
Air
Always prioritize your ________ over ___________.
Needs, Wants
Wants, Needs
Clothing, Shelter
Long-term saving means saving our __________ for a long time.
Money
Life
Situation
Opportunity cost is the value of the best next ______ forgone when a choice is made.
Cash and Carry
Investment
Alternative
Which of these is a function of digital banking?
Transferring money
Praying
Getting pocket money
Ice cream and toys are basically human ________.
Wants
Needs
Decisions
One Time Password is also known as _________.
OnTiPa
OTP
PTO
Saving goals must have a __________ frame.
Glass
Time
Place
The scale of preference helps us make ______ decisions.
Uncertain
Spending
Informed
Saving money to buy a bicycle from your pocket money is a _______ term saving.
Long
Medium
Short
Determine the ________ when setting long-term saving goals.
Cost
Location
Situation
The scale of preference arranges our needs and wants in order of ________.
Availability
Value
Importance
The scale of preference helps us use our allocated resources ________.
Poorly
Wisely
Unchalantly
