Final Exam (2A & 2B)

What is financial literacy?

• The process of consuming nutrients

• The ability to manage money effectively

• A method of creating spending habits

• The process of determining creditworthiness

Which of the following is a factor affecting financial literacy?

• Physical fitness

• Gender

• Dietary habits

• Cultural background

What is the first step in budgeting?

• Spending money on necessities

• Determining income and expenses

• Saving for the future

• Investing in stocks

What percentage of adult Filipinos are knowledgeable about financial concepts according to the World Bank?

• 50%

• 10%

• 25%

• 75%

Which type of savings is meant for emergency use?

• Long-term savings

• Goal savings

• Spending savings

• Emergency savings

What is a characteristic of commercial banks?

• They focus on corporate mergers.

• They provide insurance products.

• They accept public deposits and give loans.

• They sell investment bonds directly.

Which financial instrument is an example of revolving credit?

• Mortgage

• Visa credit card

• American Express charge card

• Monthly utility bills

What type of nutrition involves organisms synthesizing their food?

• Heterotrophic

• Autotrophic

• Photosynthesis

• Assimilation

Which of the following is considered a “Go” food?

• Fish

• Rice

• Apples

• Cheese

What is the recommended daily calcium intake for healthy bones?

• 500 milligrams

• 1,200 milligrams

• 800 milligrams

• 2,000 milligrams