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Financial Literacy Quiz

Total questions: 24

Worksheet time: 17mins

Name
Class
Date
1.

Leticia has been saving money for unexpected expenses. What is this money called?

a)

Down Payment

b)

Rainy Day Money

c)

Budget

d)

Interest Rate

2.

Heron is planning his future finances. What is the term for money he saves specifically for use after retirement?

a)

Short Term Goals

b)

Retirement

c)

Invest

d)

Savings Account

3.

Jose wants to save money for a new bicycle. What is the term for a plan that helps him manage his money?

a)

Budget

b)

Standard of Living

c)

Financial Goals

d)

Interest Rate

4.

Cristina is planning to buy her first house. What is the upfront payment called that she needs to make?

a)

Down Payment

b)

Savings Account

c)

Long Term Goals

d)

Medium Term Goals

5.

Anabel borrowed some money from the bank to buy a new car. What is the term for the percentage charged on the borrowed money?

a)

Interest Rate

b)

Invest

c)

Financial Goals

d)

Standard of Living

6.

Sanjuana wants to plan her finances for the future. What are the targets she sets for how much money she wants to save or earn over time called?

a)

Budget

b)

Financial Goals

c)

Savings Account

d)

Investment

7.

Maria is planning to buy her first car. What is the initial payment she needs to make?

a)

Interest

b)

Savings

c)

Down Payment

d)

Budget

8.

Rosaura has been saving money each month to prepare for unexpected expenses or emergencies. What do you call this type of savings?

a)

Emergency Fund

b)

Investment

c)

Budget

d)

Loan

9.

Irma has decided to stop working and live off her savings. What is this phase of life called?

a)

Retirement

b)

Investment

c)

Budgeting

d)

Loan

10.

Martin and Daisy are planning a trip together. They want to make sure they know how much they can spend on travel, accommodation, and activities. What is a plan for spending money that shows what they can afford?

a)

Investment

b)

Budget

c)

Savings Account

d)

Loan

11.

Leticia borrowed some money from the bank to buy a new laptop. What is the percentage of money she has to pay back to the bank on the borrowed amount?

a)

Savings

b)

Interest

c)

Budget

d)

Investment

12.

Telma wants to keep her money safe and earn interest on it. What type of account should she open?

a)

Checking Account

b)

Savings Account

c)

Loan

d)

Investment

13.

Samara wants to save money this month to buy a new book. What do you call such goals that you want to achieve soon?

a)

Long-term Goals

b)

Short-term Goals

c)

Investment Goals

d)

Retirement Goals

14.

Estela is evaluating her comfort and wealth level in her new neighborhood. What describes this aspect of her life?

a)

Budget

b)

Standard of Living

c)

Investment

d)

Savings

15.

Roberto decided to put his money into a new business venture hoping for future profit. What is this action called?

a)

Saving

b)

Budgeting

c)

Investing

d)

Spending

16.

Miguel is planning his monthly budget. He wants to ensure he doesn't overspend and saves money for future needs. What does "frugal" mean in this context?

a)

Spending a lot

b)

Saving money and being careful

c)

Buying expensive things

d)

Wasting resources

17.

Angelica is participating in a wildlife conservation project. What does it mean when she says she needs to "track" the movements of the animals?

a)

A type of fruit

b)

To follow or monitor

c)

A kind of dance

d)

To ignore

18.

Karina was trying to understand the circumstances that led to the team's success in the project. What does "circumstances" mean in this context?

a)

The weather outside

b)

The conditions or facts affecting a situation

c)

A type of clothing

d)

A kind of food

19.

Geidy is planning her monthly budget. What does it mean for her to be careful with money?

a)

Generosity

b)

Thriftiness

c)

Carelessness

d)

Extravagance

20.

Yadira is trying to lose weight and has set a goal to exercise every day. What is it called when Yadira follows or monitors her progress towards this goal?

a)

Tracking

b)

Ignoring

c)

Forgetting

d)

Avoiding

21.

Agustina is experiencing changes in her job and family. What factors affect her situation?

a)

Circumstances

b)

Opinions

c)

Assumptions

d)

Predictions

22.

Lucas is trying to save money for a vacation. What is the term for setting aside money regularly for a specific purpose?

a)

Saving

b)

Spending

c)

Borrowing

d)

Investing

23.

Elena wants to buy a new laptop but doesn't have enough money right now. What is the term for purchasing something with borrowed money?

a)

Credit

b)

Investment

c)

Loan

d)

Savings

24.

Javier is reviewing his monthly expenses to ensure he is not overspending. What is this process called?

a)

Borrowing

b)

Budgeting

c)

Investing

d)

Spending