Financial Literacy Quiz

Question 1

An example of a type of budget is?

Accepted Answer

Individual, Household, Family, School

Question 2

The value of one country's currency in terms of another country’s currency is called?

Accepted Answer

Exchange Rate

Question 3

A written plan that identifies financial goals & outlines specific actions needed to achieve a budget is called?

Accepted Answer

Financial Planning

Question 4

An Example of a Reliable Financial Source of Information is?

Accepted Answer

Business sections of newspapers, Financial institutions and their websites

Question 5

Currencies are always fluctuating!

Accepted Answer

True

Question 6

PHP is the currency symbol for which country? Use www.xe.com to find your answer.

Accepted Answer

Philippines

Question 7

What would be the safest way for you to start saving for university or college?

Accepted Answer

Contact a certified financial planning professional.

Question 8

What is the symbol for the Canadian Currency?

Accepted Answer

CAD

Question 9

The Canadian Dollar is Considered a Currency?

Accepted Answer

True

Question 10

“If you buy things you do not need, soon you will have to sell things you need.” Who said this?

Accepted Answer

Warren Buffett

Question 11

All International currencies have the same values compared to Canadian Currency.

Accepted Answer

False

Question 12

$125 CAD is worth how much US dollars? Use the website www.xe.com to find your answer. (round to the closet amount)

Accepted Answer

$102

Question 13

An Example of a Societal Factors when Financial Planning is?

Accepted Answer

Social Media

Question 14

An Example of Personal Factors when Financial Planning is?

Accepted Answer

Personal Beliefs

Question 15

Canadian Tire money is Considered a Canadian Currency?

Accepted Answer

True

Questions 15