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Worksheets2025 StreetSquash WOM: Financial Knowledge Quiz
Total questions: 18
Worksheet time: 9mins
What is a budget?
A type of loan
A plan for managing income and expenses
A place to save money
What does it mean to invest money?
To spend it all
To put money into something to earn more money over time
To keep it under your mattress
Why are affirmations important?
They help you build a positive mindset and boost your confidence.
They make problems magically disappear without any effort.
They impress your friends and make you seem cooler.
What does the "flow of money" mostly describe?
How fast you can spend all your money online.
How money moves between banks, individuals and businesses.
How to hide money so you don’t have to share it.
How much to invest in your brokerage account.
What is a loan?
Money you give to someone else
Money you borrow and agree to pay back with interest
Money you earn from a job
What is an example of a need?
A. A smartphone
B. Food and shelter
C. A new video game
What is a financial goal?
A. Spending all your money on one thing
B. A plan for your money over time
C. Borrowing as much money as possible
Why is it important to have an emergency fund?
A. To buy new clothes
B. To cover unexpected expenses
C. To lend money to friends
Why are ethics (and ethical behavior) important?
They are only important when someone is watching.
They guarantee you’ll never make a mistake.
They help you make choices that are fair, honest, and respectful to others.
Why is it important to know the difference between a need and a want?
So you never have to plan or budget.
So you can make smarter choices about how to spend and save your money.
So you can always get the newest gadgets.
What is a "want"?
Something you must have to survive, like food, water, or shelter.
Something that only adults need to worry about.
Something that would be nice to have, but you can live without it.
What is a fixed expense?
A bill you only pay once in a while when you feel like it.
A surprise expense that you didn’t plan for, like fixing a broken phone.
A regular cost that stays the same each month, like rent or a car payment.
A cost that changes every month, like buying new clothes or eating out.
What is a money mindset?
The amount of money you carry around in your wallet.
How often you daydream about being a billionaire.
A magical way to get rich without working.
How you feel and think about money, including how you earn, save, spend, and invest it.
What are the four pillars of a money mindset?
Entrepreneur, Philanthropist, Investor and Consumer
Hoping, Guessing, Wishing, and Waiting.
Shopping, Borrowing, Lending, and Winning.
Working, Complaining, Saving, and Splurging.
What is the benefit of having a financial plan?
To spend more money
To achieve financial goals and manage money effectively
To avoid earning money
Carey’s friends often hire her to do their hair, especially during prom season. Carey’s parents suggest that she open a small hair salon in the basement.
The renovation and professional supplies will cost $2,000. Carey has $6,500 saved.
Can Carey afford to open her own business?
Absolutely!
Absolutely not!
Jamal started saving money at age 10 and now, at 20, has accumulated $25,000 in his savings account.
He is on a full academic scholarship and doesn't have to pay for his college education. He wants to travel with friends to Kenya, a trip that costs $3,500. Can Jamal afford this trip?
Absolutely!
Absolutely not!
Sumayah is a college student working part-time at a bookstore. Over the past year, she has saved $7,500. Now, Sarah wants to buy a new laptop for $1,000 to help with her studies.
Can Sarah afford the new laptop?
Absolutely!
Absolutely not!
