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Worksheets

Financial Literacy Assessment

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Where did the first banknotes appear?

a)

China

b)

USA

c)

Japan

d)

Spain

2.

What is the definition of barter?

a)

to visit another country with friends

b)

to change clothes and buy new ones

c)

to exchange resources or services for mutual advantage

d)

to buy an elephant and an orange

3.

With your debit card you can take money from the _____ at any time you need it.

a)

atm

b)

store

c)

market

d)

cashier

4.

The U.S.A. has American _________, and the United Kingdom has British pounds.

a)

rupee

b)

rupiah

c)

dollar

d)

ringgit

5.

I have $2.00. Do I have enough money to buy this item?

a)

Yes

b)

No

6.
If the cost of computers falls, then…
a)
the demand for computers goes up.
b)
the supply of computers goes up.
c)
none of the choices
d)
the demand for computers goes down.
7.

The amount of goods that are available

a)

price

b)

demand

c)

supply

8.

Which of these items is a NEED?

a)
b)
c)
9.
Spring vacation
a)
Needs
b)
Wants
10.

Which of these is an example of saving money?

a)

putting $10 in a bank

b)

buying a sandwich for $6

c)

walking around a toy store

d)

selling your old jeans for $5

11.

A budget is balanced when your income is equal to your expenses.

a)

True

b)

False

12.
What is the purpose of creating a budget ?
a)
To make more money
b)
To spend more money
c)
To save your money
13.
What are the ways you spend your money called? 
a)
Income
b)
Expenses
c)
Deficit
d)
Balance
14.
What is an example of an expense?
a)
Babysitting
b)
Mowing the lawn
c)
Buying a new shirt
15.

True or False: If your profile has been logged into from an unusual location this means you might have been scammed

a)

True

b)

False

16.

What is the main goal of Internet scammers?

a)

Fame

b)

Mischief

c)

Money

d)

Touchdowns

17.

True or false: Strong passwords include personal information like your address or phone number.

a)

True

b)

False

18.

Who should you share your password with?

a)

No one

b)

Strangers

c)

Your friends

d)

Your teacher

19.

True or false- Bank accounts are a safe place to keep your money.

a)

True

b)

False

20.

True or False - A deposit is when you take money out of your bank account.

a)

True

b)

False

21.

What is the symbol of rupee?

a)

#

b)

c)

$

22.

what is the currency of Dubai

a)

UAE Dirham

b)

Dollar

23.

all countries have currency

a)

true

b)

false

24.

Counterfeit means:

a)

fake

b)

real

c)

underneath

25.

When you mom/ Dad buys a car, they also have to buy

Select One Answer

a)

Petrol/ Diesel

b)

Car seat covers

c)

Car tyres

d)

All of the above