Financial Literacy
Financial Literacy Mastery Quiz
Test your financial savvy with our engaging quiz designed to enhance your understanding of key financial concepts. Are you prepared to make informed financial decisions? Dive in!
- Understand inflation and its impact on your finances
- Learn about budgeting and savings
- Identify assets, liabilities, and investments
Which of the following statements is false about inflation?
Higher inflation means higher prices of consumer goods
Purchasing power is lower if inflation is high
As inflation rises, every peso will buy a fewer amount of goods
All of the above
None of the above
The formula for a healthy budget should be…
EXPENSE + INCOME = SAVINGS
INCOME – SAVINGS = EXPENSES
INCOME – EXPENSES = SAVINGS
None of the Above
If a savings account has an annual interest rate of 2%, how much will a 100,000 deposit earn after a year?
2
20
2,000
20,000
Which of the following can be considered an asset?
Cash
Credit
Utility bills
All of the above
None of the above
Which of the following can be considered a debt?
Insurance
Loan
Real Estate
All of the above
None of the above
Which of the following can be considered an investment?
Stocks
Taxes
Revenue
All of the above
None of the above
When it comes to money matters, I consider myself …
An expert
A novice
Between an expert and a novice
A beginner
Savings Account
Current Account
Life Insurance
Mutual Funds
Stocks
Credit Card
Loan
Pre-Need Plan
Bond
Real Estate
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