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Financial Literacy Quiz

Froggy Jumps

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Essential money smarts

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Philippines

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Financial Literacy Quiz
 

Froggy Jumps

Financial Literacy QuizOnline version

Essential money smarts

by Gabriel Beltan
1

What is financial literacy?

2

Which of the following is an asset?

3

Which of the following is a liability?

4

Why is understanding percentages important in daily life?

5

Which is a risky financial decision?

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?

7

Which of the following shows correct classification?

8

Using simple interest, which statement is correct?

9

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

10

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

11

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

12

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

13

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

14

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

15

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

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?

17

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

18

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

19

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

20

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

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