What is the main goal of Global Money Week?
To teach people how to become millionaires overnight
To promote financial literacy among young people
To encourage people to spend more money
To introduce new banking technologies
When is Global Money Week usually celebrated?
The first week of January
The last week of December
The third week of March
The second week of June
Why is financial education important for young people?
It helps them make responsible financial decisions in the future
It allows them to earn money without working
It guarantees that they will never have financial problems
It teaches them how to use credit cards irresponsibly
Which of the following is a basic financial skill?
Writing poetry
Making a personal budget
Playing the guitar
Watching financial news
What is the best definition of ‘savings’?
The money you spend every day
The money you borrow from a bank
The money you keep for future use
The money you lose in investments
What does ‘budgeting’ mean?
Spending all your money as fast as possible
Planning how to use your money wisely
Borrowing money from friends
Buying things without thinking
What is an interest rate?
The amount of money you receive as a gift
The percentage of extra money you pay or receive on savings or loans
The number of bank accounts you have
The amount of money you earn per month
What is a common mistake young people make with money?
Setting financial goals
Saving money regularly
Spending more than they earn
Keeping track of their expenses
Which of these is a responsible way to use a credit card?
Buying everything you want without checking your balance
Paying off the full balance every month
Using it to take out cash frequently
Never checking your bank statements
What does ‘financial responsibility’ mean?
Spending all your money before payday
Making wise financial choices and planning for the future
Avoiding all financial decisions
Giving away all your money to others
Why is it important to compare prices before buying something?
To find the best deal and save money
To impress your friends
To buy the most expensive product
To spend as much money as possible
What should you do if you receive a suspicious message about winning a lottery you never entered?
Click on the link and claim the prize
Ignore it and report it as a possible scam
Send your personal details to the sender
Call the sender and thank them
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