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WorksheetsIntroduction to Financial Literacy
Total questions: 10
Worksheet time: 5mins
Financial literacy means..
Knowing how to manage money
Understanding how to budget, save and spend wisely
Helps people make smart decisions to avoid debt and plan for the future
All of the above
How does financial literacy contribute to personal financial well-being?
Helps you make better choices with their money
May cause you to go into debt
May cause you to file for bankruptcy
All of the above
Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.
A person can avoid opportunity cost.
A person can be more prepared to meet basic needs.
A person can avoid financial decision-making
A person can spend money thoughtfully to accumulate assets.
A person can spend wisely to avoid financial problems.
Budgeting is ..
understanding the importance of saving money for the future
understanding debt
knowing how to plan and track spending
learning how to grow money through things like stocks and bonds
Saving is
knowing how to plan and track spending
understanding the importance of saving money for the future
making thoughtful choices about what to buy
knowing how loans and credit work and how to use them responsibly
Spending wisely is ...
knowing how to plan and track spending
knowing how loans and credit work and how to use them responsibly
making thoughtful choices about what to buy
learning how to grow money through things like stocks or bonds
Understanding debt is ...
Knowing how loans and credit work and how to use them responsibly
knowing how to plan and track spending
learning how to grow money through things like stocks or bonds
none
Investing is ....
Learning how to grow money through things like stocks or bonds
understanding the importance of saving money for the future
knowing how to plan and track spending
all of the above
Financial Literacy is important for community well-being because it alleviates poverty.
True
False
Financial Literacy is important for community well-being because it will increase employment opportunities.
True
False
