Economic Growth and Development Quiz (Finances)

What is the best definition of saving?

• Spending all of your money at once

• Setting aside money for future use

• Giving your money to charity

Why is it important to save money?

• To have money for emergencies

• To be able to buy things you want in the future

• Both a and b

What are some ways to save money on transportation?

• By walking or biking instead of driving.

• By taking public transportation instead of driving.

• Both a and b

What's the definition of Financial Responsibility?

• Knowing that your money safe in your shoebox

• The ability to show good money management skills

• Buying that PS5 instead of my school supplies

What is the definition of a "want"?

• Something we desire but not necessarily require.

• Something we need for survival

• Something that will just make us feel better

What is the definition of a "need"?

• Things that we could just buy for $1

• Something that is required and necessary for everyday life.

• Something we see and desire but not necessarily required.

The best definition of a "permanent worker"?

• Individuals that are hired by a company for a long period of time

• Individuals hired to work for a short period of time

• Individuals that sell clothes on the weekends at ben dung corner

• Individuals that just trying to save money

Best definition of "Self-Employment"?

• Someone that tries their best to make ends meet.

• Someone that works for a company

• Someone that created their own business providing services and goods

What is the best definition of "Temporary Worker"?

• Someone that works hard for a living

• Someone that has been hired long term

• Someone that has been hired for a short period of time.

The fete cost $200 but your CXC subject that you are really good at cost $150 and the supplies you need for the SBA are $50 as well. Which one should you be spending your money on?

• Buying my fete ticket cause braff now, cry later.

• Pay for my CXC Subject and SBA supplies.

• Teach that sounds like my money dead.