Learnenlight - Intermediate financial literacy

What is an Income?

• Salary

• Allowance

• Pocket Money

• All of the above

What are the benefits of having a high financial IQ?

• Leads to better financial decisions

• Determines overall success

• Guarantees financial stability

• None of the above

Which of the following are considered as traditional investments?

• Stocks

• Bonds

• Real Estate

• None of the above

What defines cryptocurrency?

• Rare stamps

• Digital or virtual currency using cryptography for security
  

• Precious metals like gold and silver
  

• Coins and notes
  

Individuals with high financial IQs are more likely to:

• Ignore budgeting
  

• Make informed financial decisions
  

• Avoid investments
  

• Rely solely on luck
  

Which category does a haircut fall under?

• Goods
  
  

• Services
  

• Both
  

• Neither

What is a common characteristic of low financial IQ?

• Strategic investment planning
  

• Diligent budgeting

• Impulse buying

• Regular savings

Which term refers to the money spent or costs incurred by an individual or business?

• Savings
  

• Investment
  

• Revenue

• Expenses

How are goods generally classified as?

• Intangible items
  

• Tangible items
  

• Both a and b
  

• Neither a nor b

Which of the following investments represents ownership in a company?

• Real estate

• Bonds
  

• Stocks
  

• Mutual funds