Financial Literacy

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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

19 Questions5 MinutesCreated by BudgetingExpert901

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?

2,000

20,000

When it comes to money matters, I consider myself …

An expert

A novice

Between an expert and a novice

A beginner

Financial Literacy

Financial Literacy Mastery Quiz

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