WorksheetsRecap Day 1 HR FI (Y7&Y8)
Total questions: 15
Worksheet time: 8mins
What is financial intelligence?
Knowing how to cook.
Understanding how to make smart decisions about money
Memorizing history facts
Writing stories
What is money mainly used for?
To play games
To collect points
To make art
A tool used to buy goods and services
Which of the following is not a form of money?
cheques
Coins
Digital payments (Touch N Go ewallets)
A cup of coffee
Why is money important in our daily lives?
It is a way to make friends
It allows us to exchange goods and services
It is used for playing games
It can be traded for toys only
What does the term "saving money" mean?
Spending all your money on video games
Putting money aside for future use
Giving your money away
Borrowing money from a friend
What is an example of good financial decision-making?
Spending money as soon as you get it
Listing out budget and stick to budget plan.
Buying anything you want whenever you feel like it
Never thinking about your future needs
Which of the following is a form of digital money?
A gift card
Coins
Paper money
Mobile payments
What happens when you spend more money than you earn?
You get more money
You will become rich
You may end up in debt
You save more money
What is the benefit of saving money?
You will never need it again
You can waste it later
You can spend it on anything
You are prepared for future expenses or emergencies
What does the term "medium of exchange" mean in relation to money?
Money can be thrown away
Money is used to trade for goods and services
Money is stored in a vault
Money is a form of measurement
Why is it important to have financial goals?
To spend as much as possible
To plan and save for important future expenses
To always buy things you don’t need
To win prizes
What is your understanding about an investment?
Buying candy in canteen.
Putting money into something to gain more money in the future
Spending all your money right away
Borrowing money from a friend
What is an example of spending wisely?
Giving all your money away
Buying food and saving the rest
Buying expensive clothes you don’t need
Spending all your money on video games
What gives money its value?
It is rare to have money on hand
It is shiny
People agree to use it to trade for goods and services
It looks good
Which of the following is not a reason why we need money?
To waste it later
To plan for the future
To buy important things
To handle emergencies
