Financial Literacy Quiz

Froggy Jumps

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Essential money smarts

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Gabriel Beltan

Philippines

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Financial Literacy Quiz


Froggy Jumps Financial Literacy QuizVersion en ligne Essential money smarts par Gabriel Beltan 1 What is financial literacy? a Knowing how to read and write b Understanding and managing money wisely c Spending money without thinking 2 Which of the following is an asset? a Credit card debt b A savings account c Gambling losses 3 Which of the following is a liability? a Money owed on a loan b Stocks in a company c Savings account 4 Why is understanding percentages important in daily life? a To calculate discounts, interest, and taxes b To know the time of day c To avoid reading 5 Which is a risky financial decision? a Investing in a legitimate company b Putting money in a savings account c Gambling your money 6 Robert Kiyosaki said: “The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.” What does this imply about financial literacy? a Spending without planning is fine b Adapting and learning about money is essential c Borrowing is always right 7 Which of the following shows correct classification? a Credit card debt – asset; Savings – liability b Laptop for work – asset; Gambling losses – liability c Savings – liability; Loan for business – liability 8 Using simple interest, which statement is correct? a Interest = Principal × Rate × Time b Interest = Principal + Rate + Time c Interest = Principal + Rate 9 You earn ₱12,000 a month. Using the 50/30/20 rule, how much should go to needs? a ₱6,000 b ₱3,600 c ₱4,800 10 What does a 20% discount on ₱1,000 mean? a You pay ₱1,200 b You pay ₱200 c You pay ₱800 11 You want to invest ₱15,000 for 3 years at 5% simple interest per year. How much interest will you earn? a ₱1,500 b ₱2,250 c ₱2,500 12 A laptop costs ₱25,000 with 12% sales tax. What is the total price? a ₱28,000 b ₱25,000 c ₱27,000 13 You see a 25% discount on a shirt priced at ₱800. How much do you pay? a ₱600 b ₱700 c ₱750 14 You have ₱10,000. You plan to spend 50% on needs, 30% on wants, and 20% on savings. How much goes to savings? a ₱5,000 b ₱2,000 c ₱3,000 15 Online shopping shows “15% off” on a gadget worth ₱4,000. How much do you save? a ₱500 b ₱650 c ₱600 16 You are choosing between two banks to invest ₱20,000 for 2 years. Bank A offers 4% simple interest, Bank B offers 5%. Which gives more interest? a Bank A – ₱1,600 b Bank B – ₱2,000 c Both same 17 You gamble ₱500 hoping to win 50% more, but you lose. What type of financial decision is this? a Risky b Smart c Investment 18 Which of the following is a smart financial decision for a student? a Spending all pocket money online b Saving part of allowance for future needs c Borrowing from friends without reason 19 You invest ₱12,000 in a bank that offers 4% simple interest per year. How much interest will you earn in 5 years? a ₱1,800 b ₱2,000 c ₱2,400 20 You have ₱6,000 and you decide to gamble the 20% of it. How much money you left? a ₱4,800 b ₱800 c ₱5,200

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Financial Literacy Quiz

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Financial Literacy QuizVersion en ligne

par Gabriel Beltan

What is financial literacy?

Which of the following is an asset?

Which of the following is a liability?

Why is understanding percentages important in daily life?

Which is a risky financial decision?

Robert Kiyosaki said: “The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.” What does this imply about financial literacy?

Which of the following shows correct classification?

Using simple interest, which statement is correct?

You earn ₱12,000 a month. Using the 50/30/20 rule, how much should go to needs?

What does a 20% discount on ₱1,000 mean?

You want to invest ₱15,000 for 3 years at 5% simple interest per year. How much interest will you earn?

A laptop costs ₱25,000 with 12% sales tax. What is the total price?

You see a 25% discount on a shirt priced at ₱800. How much do you pay?

You have ₱10,000. You plan to spend 50% on needs, 30% on wants, and 20% on savings. How much goes to savings?

Online shopping shows “15% off” on a gadget worth ₱4,000. How much do you save?

You are choosing between two banks to invest ₱20,000 for 2 years. Bank A offers 4% simple interest, Bank B offers 5%. Which gives more interest?

You gamble ₱500 hoping to win 50% more, but you lose. What type of financial decision is this?

Which of the following is a smart financial decision for a student?

You invest ₱12,000 in a bank that offers 4% simple interest per year. How much interest will you earn in 5 years?

You have ₱6,000 and you decide to gamble the 20% of it. How much money you left?