Consumerism and Financial Awareness

From the text, how does by supporting local brands helps to improve the local economy?

• More money stays in the community rather than being paid as a tax to other country

• The money has to be sent to other country

• Our country will become a well-developed country

• The entrepreneurs will become richer

Look at the picture, choose and tick the correct answer

• cash

• gift

• price

• shop

From the article you have read. Which sentence best summarizes the article?

• How to raise technologically savvy children.

• Importance of savings in times of Pandemic Covid-19

• How to create financial plan for children

• Teaching children to be financially savvy in the Covid-19 outbreak and the digital future.

What is the primary theme of consumerism in modern society?

• A) The promotion of sustainable living

• B) The encouragement of excessive buying and spending

• C) The focus on minimalism

• D) The emphasis on community sharing

Which of the following sentences uses the word 'frugality' correctly?

• A) Her frugality led her to buy the most expensive car.

• B) Frugality is a key aspect of consumerism.

• C) His frugality helped him save money for a rainy day.

• D) Frugality means spending lavishly on unnecessary items.

In the context of financial awareness, what does the term 'budgeting' refer to?

• A) Spending money without any plan

• B) Creating a plan to manage income and expenses

• C) Investing all your money in stocks

• D) Saving money without any specific goal

Which sentence best describes the impact of consumerism on the environment?

• A) Consumerism promotes environmental sustainability.

• B) Consumerism leads to increased waste and resource depletion.

• C) Consumerism has no impact on the environment.

• D) Consumerism encourages recycling and conservation.

What is the main idea of a text discussing the benefits of financial literacy?

• A) Financial literacy is only important for business professionals.

• B) Understanding finances can lead to better personal and economic decisions.

• C) Financial literacy is not necessary in the digital age.

• D) Financial literacy only involves learning how to save money.

Which of the following is an example of a metaphor related to consumerism?

• A) The shopping mall was a bustling hive of activity.

• B) She spent money like water flowing from a tap.

• C) He was as frugal as a squirrel in winter.

• D) The store was as empty as a desert.

In a text about consumerism, what does the phrase 'keeping up with the Joneses' mean?

• A) Living a simple and content life

• B) Competing with neighbors in terms of material possessions

• C) Supporting local businesses

• D) Reducing personal expenses