Quiz: Money Mastery Quiz


Money Mastery QuizOnline version Basics of money management. by Ayşe Saygıner 1 What is the primary purpose of a budget? a To plan income and expenses b To track investments only c To maximize debt d To increase spending every month 2 Which of the following is a good example of an emergency fund target? a 3-6 months of living expenses b No savings needed c All monthly salary d Annual travel budget 3 What does APR stand for in loans? a After Payment Ratio b Annual Percentage Rate c Annual Prediction Result d Annual Private Rate 4 Credit score helps lenders decide what? a Future earnings b Diet and exercise c Educational level d Borrowing terms and eligibility 5 Which is a safer investing strategy for beginners? a All in cash b Diversified index funds c Single high-risk stock d High-fee forex trading 6 Which expense is typically a fixed cost? a Entertainment b Groceries c Utilities based on use d Rent 7 What is compound interest? a Earning interest on previously earned interest b Interest that never grows c Interest paid only on principal d Interest paid monthly to the government 8 Which saves more over time with regular deposits? a A retirement account with compounding b A one-time gift c A high-interest loan d An instant windfall 9 Which is a responsible step before taking on debt? a Assess needs and repayment ability b Borrow max to grow credit c Ignore interest rates d Delay all savings 10 What does diversification reduce in a portfolio? a Costs b Liquidity c Risk d Guaranteed profit

1

What is the primary purpose of a budget?

a

To plan income and expenses

b

To track investments only

c

To maximize debt

d

To increase spending every month

2

Which of the following is a good example of an emergency fund target?

a

3-6 months of living expenses

b

No savings needed

c

All monthly salary

d

Annual travel budget

3

What does APR stand for in loans?

a

After Payment Ratio

b

Annual Percentage Rate

c

Annual Prediction Result

d

Annual Private Rate

4

Credit score helps lenders decide what?

a

Future earnings

b

Diet and exercise

c

Educational level

d

Borrowing terms and eligibility

5

Which is a safer investing strategy for beginners?

a

All in cash

b

Diversified index funds

c

Single high-risk stock

d

High-fee forex trading

6

Which expense is typically a fixed cost?

a

Entertainment

b

Groceries

c

Utilities based on use

d

Rent

7

What is compound interest?

a

Earning interest on previously earned interest

b

Interest that never grows

c

Interest paid only on principal

d

Interest paid monthly to the government

8

Which saves more over time with regular deposits?

a

A retirement account with compounding

b

A one-time gift

c

A high-interest loan

d

An instant windfall

9

Which is a responsible step before taking on debt?

a

Assess needs and repayment ability

b

Borrow max to grow credit

c

Ignore interest rates

d

Delay all savings

10

What does diversification reduce in a portfolio?

a

Costs

b

Liquidity

c

Risk

d

Guaranteed profit

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Money Mastery Quiz

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Money Mastery QuizOnline version

by Ayşe Saygıner

What is the primary purpose of a budget?

Which of the following is a good example of an emergency fund target?

What does APR stand for in loans?

Credit score helps lenders decide what?

Which is a safer investing strategy for beginners?

Which expense is typically a fixed cost?

What is compound interest?

Which saves more over time with regular deposits?

Which is a responsible step before taking on debt?

What does diversification reduce in a portfolio?

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