Can you answer these basic questions about money?

Understanding the basics of money and managing your finances can help you make informed decisions, avoid debt, and build a secure future. Use this quiz to test your knowledge of the basics! 

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Financial Literacy: The Basics

Test Your Knowledge

1 / 10

QUESTION 1 | What is the primary purpose of creating a budget?

2 / 10

QUESTION 2 | How does a credit score impact borrowing?

3 / 10

QUESTION 3 | What is the purpose of emergency savings?

4 / 10

QUESTION 4 | What is the difference between a debit card and a credit card?

5 / 10

QUESTION 5 | What does the term "dividend" refer to in investing?

6 / 10

QUESTION 6 | What was the primary function of money in ancient barter systems?

7 / 10

QUESTION 7 | What is the primary function of a bank?

8 / 10

QUESTION 8 | How do high interest rates generally affect borrowing?

9 / 10

QUESTION 9 | What is the effect of inflation on purchasing power?

10 / 10

QUESTION 10 | What is a bond?

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