Money Sense Quiz 1
7 Questions
| Attempts: 207
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Questions and Answers
- 1.
What question should you ask yourself before purchasing an item?- A.
“Do I need it?”
- B.
“Do I have it?”
- C.
“Do I want it?”
- 2.
Purchasing _____________ allows stores and supermarkets to get a lower price for their goods.
- A.
During sales
- B.
Good quality items
- C.
In bulk
- 3.
Savings in the bank yield ______________.
- A.
Expenses
- B.
Interest
- C.
Salary
- 4.My bank pays me 0.1% annual interest on my savings account. If I deposit $100 into my savings account, it becomes ________ after 1 year
- A.
$110
- B.
$101
- C.
$100.10
- 5.
Which of the following is what we should do with our total monthly savings?
- A.
Put it in a bank
- B.
Keep them under our bed
- C.
Stock up on all the goods we need
- 6.
When a person has no more savings and is unable to pay his debts, he is _________________.
- A.
Poor
- B.
Bankrupt
- C.
A spendthrift
- 7.Inflation ________________________.
- A.
Takes away our money
- B.
Causes money to fall in value
- C.
Increases the value of items
.JPG "Savings in the bank yield ______________.")
.JPG "Which of the following is what we should do with our total monthly savings?")
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