What does 'pay off' mean?

To settle debts by making payments

Financial Literacy Quiz

Test your knowledge on managing money with questions about financial terms, actions, and concepts. From saving to spending, see how well you understand financial literacy.

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Questions 16

Answers

1
What does 'borrow money' mean?
To give away money
To save money
To lose money
To take and return
2
What does 'pay off' mean?
To lose money
To borrow more money
To pay what you owe
To save money
3
How can you 'save money'?
By raising funds
By spending less
By borrowing more
By paying fines
4
What does 'pay off' mean?
To settle debts by making payments
To lose money in stocks adn shares
To save money in your account
To borrow more money from friends
5
What does 'make money' involve?
Spending money
Losing investments
Paying off debts
Earning an income
6
What does 'spend money' imply?
Giving money for products
Saving for future
Borrowing from others
Losing money
7
What happens when you 'lose money'?
You earn more money
You have less money
You pay off debts
You save for future
8
What does 'spend money' mean?
To borrow money
To pay for something
To save money
To give money away
9
True or false: You can pay a fine for breaking a rule.
False
True
10
How do you 'pay in cash'?
Using physical money
Using a check
Using a loan
Using a bank card
11
What does 'owe money' indicate?
You are saving money
You have extra cash
You need to repay
You are borrowing more
12
What does 'owe money' mean?
To borrow money
To lose money
To earn money
To pay someone back
13
What does 'make money' mean?
To pay off debts
To borrow money
To earn money
To lose money
14
What does 'pay a fine' mean?
To earn money
To pay for a rule break
To borrow money
To save money
15
What does 'raise money' usually involve?
Spending on luxury
Borrowing from friends
Investing in stocks
Collecting for charity
16
What does 'raise money' often support?
Investing in stocks
Charitable causes
Personal expenses
Paying fines

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