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Economic Wellbeing - Year 1 Flashcards | StudBud
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Economic Wellbeing - Year 1
Economic Wellbeing - Year 1
10 terms
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Test your knowledge on financial literacy and money management skills
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
What influences spending decisions?
Emotions
Color of money
Time of day
Weather only
2
True or false: Stealing is acceptable in some situations.
True
False
3
Which is a safe place for cash?
Under the mattress
In a backpack
In a bank
In a drawer
4
True or false: All money is cash.
True
False
5
How do you use money?
Rarely use it
Only for bills
Everyday purchases
I use it often!
6
What is a benefit of saving money?
Less responsibility
Future security
Immediate spending
More debt
7
What is a reason to save money?
For emergencies
To buy snacks
To waste it
To impress friends
8
What is a disadvantage of having cash?
No fees involved
Always available
Easy to lose
Grows in value
9
What is the role of money in our daily lives?
To look at
To show off to our friends
To build with
Buy things
10
Is money important for our economic wellbeing?
False
True
