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TLE 5 -Financial education ( Entrepreneurship) 1st Monthly Test

Total questions: 22

Worksheet time: 23mins

Name
Class
Date
1.

It's an education that helps, teaches and guides students how to be prepared for their financial future and stability.

a)

Common Education

b)

Natural Education

c)

Home Education

d)

Financial Education

2.

It's about learning how to make wise decisions with your money, from saving to spending.

a)

Making Smart Choices

b)

Managing Your Money

c)

Building a Strong Future

d)

None of the above

3.

You'll learn how to be responsible with your money, just like a grown-up!

a)

Making Smart Choices

b)

Managing Your Money

c)

Building a Strong Future

d)

None of the above

4.

By learning now, you'll be prepared to make good financial decisions in the future.

a)

Making Smart Choices

b)

Managing Your Money

c)

Building a Strong Future

d)

None of the above

5.

What is Financial Education?

a)

Learning to manage money, like saving, spending, and growing it.

b)

Learning to spend money, like spending what you want only.

c)

Learning how to buy house and lots, and go around the world.

d)

None of the above

6.

What is financial education? Your answer must be in complete a sentence,

4 lines
7.

The importance of Financial Education is "To develop good habits and make responsible decisions with money."

a)

TRUE

b)

FALSE

c)

MAYBE

d)

I don't know.

8.

What is the importance of Financial Education?

4 lines
9.

What will Financial Education help you?

a)

It'll give me the skills I need to make smart choices with my money.

b)

It will help me how to always spend money.

c)

It will push me buy all my needs and wants.

d)

None of the above

10.

These are the 3 important learning areas you will learn in Financial Education.

a)

Responsibility:

You learn to manage your money wisely and make responsible decisions.

b)

Spending What you want:

You will only spend the money that you will save.

c)

Saving for Goals:

You can plan and save for big things you want, which is more significant or valuable.

d)

Avoiding Mistakes:

Learning early can help you avoid making bad decisions with money in the future.

11.

What Do We Learn in Financial Education?

a)

Saving Money

b)

Buy more things

c)

Budgeting

d)

Spending Wisely

12.

Why do you need to save some of your money? Type in your answer in a sentence.

4 lines
13.

Using your money to make more money, like buying something that increases in value.

a)

Saving

b)

Investing

c)

Spending

d)

None of the above

14.

Putting money aside for a rainy day or a future goal.

a)

Saving

b)

Investing

c)

Spending

d)

None of the above

15.

Over time, your money can grow and help you achieve your goals.

a)

Saving

b)

Investing

c)

Spending

d)

Growing Your Wealth

16.

Benefits of Financial Education. Choose 3 of them.

a)

Independence:

You can handle your own money and make decisions without always asking your parents.

b)

Less Stress:

You won't worry about running out of money, because you'll know how to manage it wisely.

c)

Achieving Goals;

You can save up for the things you want, like a cool gadget or a vacation!

d)

Enjoyment:

You can buy all what you want even no savings and investing.

e)

None of the above

17.

These "independence, less stress and achieving goals" are called benefits of (a)   .

18.

Financial education is a super helpful tool for your future. The more you learn, the more you'll be prepared to manage your money wisely!

a)

TRUE

b)

FALSE

19.

Entrepreneurship is all about starting your own business and being your own boss. It's an exciting way to turn your ideas into reality and make a positive impact on the world!

a)

TRUE

b)

FALSE

20.

What is Entrepreneurship?

4 lines
21.

Creativity, Leadership, Persistence, and Problem-solving are the characteristics of (a)   .

22.

Which of the following are the benefits of entrepreneurship? Choose all that matters.

a)

financial freedom

b)

flexibility

c)

family dependent

d)

personal growth

e)

financially unstable