Home Library Explore SAT

Home Library Explore SAT

Financial Literacy Quiz Flashcards | StudBud

Explore/Financial Literacy Quiz

Financial Literacy Quiz

15 terms·StudBud Administration

Test your knowledge on personal finance with questions about savings, expenses, investments, and more.

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
Importance of checking bank statement?
To see how much you can borrow
To withdraw more cash
To monitor your spending
To avoid being fined
2
Current GST in Singapore (2025)?
7%
8%
9%
5%
3
Good reason to take a loan?
Paying for a vacation
Buying clothes
Going to a concert
Buying a home
4
Live within your means means?
Use only cash, not cards
Spend less than you earn
Spend all your income
Invest all your money
5
Form of digital payment?
PayLah!
Cash
ATM
Cheque
6
Benefit of budgeting?
You can track spending
You earn cashback
You avoid paying tax
You get more pocket money
7
What does 'CPF' stand for?
Central Payment Fund
Citizens Pension Fund
Central Provident Fund
Cash Protection Fund
8
PayNow used for?
Paying GST
Topping up CPF
Making instant fund transfers
Paying credit card bills
9
Which is a fixed expense?
Groceries
Utility bill
Entertainment
Rent
10
Interest rate in a loan means?
The payment due date
The time period of the loan
The loan amount
The cost of borrowing money
11
Which product earns interest?
EZ-Link card
Mobile wallet
Debit card
Savings account
12
e-angbao used for?
Gifting money digitally
Buying decorations
Booking travel
Playing games
13
Purpose of an emergency fund?
To pay taxes
For a vacation
For sudden expenses
To buy a car
14
Benefit of SkillsFuture Credit?
Tax rebates
Paying for courses to upgrade skills
Discount on groceries
Free movie tickets
15
Which CPF account for buying a home?
Special Account
Medisave Account
Ordinary Account
Investment Account