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BOOTCAMP - DAY THREE QUIZ

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is a budget?

a)

A game

b)

A money box

c)

A plan for spending money

d)

A school test

2.

What should come first in your budget?

a)

Toys

b)

Games

c)

Food and clothes

d)

Candy

3.

What is the best thing to do with your allowance?

a)

Spend it all at once

b)

Save some and spend some

c)

Give it away

d)

Eat it

4.

Why do we use a scale of preference?

a)

To eat all our snacks

b)

To buy what we like first

c)

To know what to buy first

d)

To hide our money

5.

Why is it good to know the difference between needs and wants?

a)

To buy more candy

b)

To make better choices

c)

To forget your money

d)

To never save

6.

You buy a pencil for ₦150 and pay with ₦200. How much change should you get?

a)

₦100

b)

₦50

c)

₦25

d)

₦75

7.

Which of these is a NEED?

a)

Ice cream

b)

Toy

c)

Water

d)

Video game

8.

What is a scale of preference?

a)

A way to count your toys

b)

A list of things in order of importance

c)

A shopping bag

d)

A school rule

9.

Why do we make a budget?

a)

To play

b)

To spend all our money

c)

To use money wisely

d)

To lose money

10.

If you get ₦500 every week, how much will you have in 2 weeks?

a)

₦1,000

b)

₦750

c)

₦500

d)

₦200