SEL (FINANCIAL LITERACY)

Question 1

8. A budget is a plan for how you will spend or save your money.

Accepted Answer

True

Question 2

1. This type of goals are defined as accomplishments that take 3 months to a few days or weeks.

Accepted Answer

Short term goals

Question 3

3. This type of goals takes several years of even a full school semester of year to achieve.

Accepted Answer

Long term goals

Question 4

9. You should spend all your money as soon as you get it.

Accepted Answer

False

Question 5

4. Is one of the essential aspects of building wealth and having a secure financial future.

Accepted Answer

Saving

Question 6

10. Money can be used to buy things we need and things we want.

Accepted Answer

True

Question 7

2. The knowledge of how to make smart decisions with money.

Accepted Answer

Financial Literacy

Question 8

7. It&#x27;s okay to spend more money than you have as long as you promise to pay it back later.

Accepted Answer

False

Question 9

6. It&#x27;s important to compare prices and look for discounts before making a purchase.

Accepted Answer

True

Question 10

5. A spending plan based on income and expenses.

Accepted Answer

Budget

Questions 10