Money Sense Quiz 3: Money Concepts
Test your knowledge of Money Concepts
- 1.Which is the best value for money?
- A.
Plain noodles costing 50¢
- B.
Japanese rice set with chicken and vegetables costing $1.20
- C.
A small packet of chips costing $1
- 2.
Which is a "need"?- A.
Milk
- B.
Ice-cream
- C.
Coke
- 3.
Assuming you have $100, which of the following is an investment?
- A.
Spending 2 whole days in the games arcade
- B.
Take swimming lessons for 6 weeks
- C.
Visit Universal Studios
- 4.
The more money I have, the happier I am. True or false?
- A.
True
- B.
False
- 5.
If I am rich, I should keep all the money I have to myself in case there is a financial crisis in the future. True or false?
- A.
True
- B.
False
- 6.
I should only spend on money on "needs", not "wants".
- A.
True
- B.
False
- 7.
Which of the following is true?
- A.
An iPhone is a "need" because many of friends have it
- B.
A handphone may be a "need" for some children, but a "want" for some children
- C.
If I want something badly, it is a "need"
- 8.
Which of the following is true?
- A.
Primary school children are too young to learn how to manage money
- B.
I should try to eat as little as possible during recess to accumulate more savings in my bank account
- C.
After spending to meet my needs, I can use part of leftover money to spend selectively on my "wants"
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