Our monetary literacy programs cowl a spread of matters relying in your kid’s age, from the fundamentals of easy and compound curiosity to understanding the fundamentals of ledger accounting and buying and selling positions. For very younger kids, we’ll adequately cowl the fundamentals and proportion calculations required, constructing a common consciousness of how banking and cash works. For barely older kids, we’ll dig a bit of deeper into the completely different strategies of compound curiosity, inflation, rates of interest, trade charges, ledger accounting, journal entries and the fundamentals of the inventory market.
On this submit, we’ll have a look at a number of the questions you’ll be able to put together in your course. Under is an inventory of pattern questions:
Query 1:
Is it true or false that greater rates of interest favor importers?
a) True b) False c) Rates of interest don’t have any impact on importers
Query 2:
Is money an asset or a legal responsibility?
a) Liabilities b) Property c) None
Query 3:
Remy places cash right into a financial savings account that earns 5% annual curiosity. If he deposited $900 final 12 months, how a lot will he have in his checking account one 12 months from now?
a). 895 b). 954 c). 945 d). 995
Query 4:
If you happen to anticipate a inventory to fall in worth or grow to be much less worthwhile, what’s that place referred to as?
a) Quick place b) Lengthy place c) None
Query 5:
In case you have an excellent credit score historical past, what rate of interest are you able to get from a financial institution?
a) Excessive curiosity b) Low curiosity c) Unable to acquire loans d) All
Query 6:
You make investments $500 in an asset that earns 3% compounded yearly. How a lot will you get again after one 12 months?
a). 525 b). 505 c). 515 d). 535
Query 7:
You deposit $3,500 at 1% curiosity per 30 days. The account compounds curiosity month-to-month. How a lot will the deposit quantity be after three months?
a). 3506 b). 3606 c). 3505 d). None
Query 8:
Low rates of interest encourage individuals to take a position. Is that this true or false?
a) True b) False
This concludes the pattern quiz. The precise quiz on the finish of the course varies in size from 12 to 30 questions relying on the age of your little one.
I hope this helps. Thanks.
Additionally learn: Monetary Literacy – Quick vs. Put, Finance for Children – Compound Curiosity, and What to Do When Educating Is not Enjoyable!
