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Money Smarts Quiz (B1)

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  • 1️⃣1️⃣ Why is saving money important?
    D. To impress friends
    B. For emergencies and future plans
    C. Because teachers say so
    A. To stop having fun
  • 6️⃣ You see a jacket on SALE – 50% OFF. What should you think first?
    D. “Will my friends like it?”
    C. “Do I really need this?”
    B. “Can I buy two?”
    A. “It’s cheap, I must buy it!”
  • 1️⃣4️⃣ Your phone breaks. You have some savings. What should you do?
    D. Ignore the problem
    A. Panic
    C. Use savings to fix or replace it
    B. Buy the most expensive phone
  • 7️⃣ What is interest?
    B. Extra money you earn or pay
    A. Free money from a shop
    C. Money you lose in sales
    D. A type of discount
  • 1️⃣ You get $40 as pocket money for the month. What is the smartest plan?
    C. Plan how much to spend and save
    B. Save all of it and never spend
    A. Spend everything in the first week
    D. Lend it all to friends
  • 4️⃣ You want a game, but you don’t have enough money. What should you do?
    C. Ask strangers online
    D. Get angry
    B. Save money and buy it later
    A. Buy it anyway
  • 5️⃣ What does “save money” mean?
    C. Keep money for the future
    B. Hide money so no one sees it
    D. Give money away
    A. Spend money fast
  • 1️⃣2️⃣ You want to buy something expensive. What is the best idea?
    B. Borrow money and forget about it
    D. Wait for someone to buy it for you
    C. Save small amounts regularly
    A. Buy it immediately
  • 8️⃣ Which action shows good money habits?
    B. Checking prices before buying
    A. Spending all your money on games
    D. Never thinking about money
    C. Buying things because friends do
  • 2️⃣ What does “budget” mean?
    A. A list of things you want to buy
    B. A plan for how you use your money
    D. Extra money you get
    C. A place where money is kept
  • 1️⃣5️⃣ Which sentence shows a smart attitude to money?
    A. “I’ll never need money later.”
    C. “Money is only for rich people.”
    D. “Saving is useless.”
    B. “I plan before I spend.”
  • 9️⃣ What does “waste money” mean?
    C. Spend money on things you don’t need
    D. Earn money
    A. Spend money on useful things
    B. Save money carefully
  • 1️⃣3️⃣ What does “income” mean?
    A. Money you spend
    B. Money you lose
    C. Money you earn
    D. Money you borrow
  • 🔟 Where is the safest place to keep money?
    B. In your backpack
    A. In your pocket
    D. In a bank account
    C. At home under the bed
  • 3️⃣ Which one is a need, not a want?
    D. A new phone case
    B. Fast food
    C. Internet for schoolwork
    A. New sneakers