A
If you "save money," what are you doing?
A) Spending it quickly
B) Keeping it for the future
C) Hiding it
D) Borrowing it
B) Keeping it for the future
2. What is a “budget”?
A) A person who lends money
B) A receipt for shopping
C) A plan for spending money
D) A new kind of payment method
C) A plan for spending money
3. If something is "overpriced," it is:
A) A great deal
B) Too expensive
C) On sale
D) Free
B) Too expensive
16. What does the idiom “tighten your belt” mean?
A) Lose weight
B) Spend less money
C) Eat quickly
D) Save money in a bank
B) Spend less money
17. What is a tip in a restaurant?
A) A part of the menu
B) Extra money you give the waiter
C) The total bill
D) A complaint to the manager
B) Extra money you give the waiter
4. Which of these is an idiom that means "to be very rich"?
A) Break the bank
B) Cost a fortune
C) Rolling in money
D) Pay through the nose
C) Rolling in money
5. You want to buy a new phone, but you don't have enough money. What can you do?
A) Lend it
B) Owe it
C) Borrow money
D) Refund it
C) Borrow money
6. What is the opposite of “spend”?
A) Waste
B) Save
C) Earn
D) Buy
B) Save
18. You found a great deal on a new laptop. It was a real:
A) Bargain
B) Refund
C) Debt
D) Donation
A) Bargain
22. What is a fine?
A) A reward for good behavior
B) A payment made as a punishment
C) A discount for students
D) A loan from the bank
B) A payment made as a punishment
7. “She paid in cash.” What does that mean?
A) She paid later
B) She paid with coins or notes
C) She used a credit card
D) She paid online
B) She paid with coins or notes
8. If someone is stingy, they:
A) Like giving money
B) Spend money easily
C) Don’t like to spend money
D) Always invest wisely
C) Don’t like to spend money
9. What does “pay off a loan” mean?
A) Get more money from the bank
B) Return all the borrowed money
C) Ask for a refund
D) Save the loan
B) Return all the borrowed money
19. Which of these is NOT a form of payment?
A) Credit card
B) Cash
C) Receipt
D) Bank transfer
C) Receipt
25. Which of the following is NOT an example of income?
A) Salary
B) Lottery win
C) Money found on the street
D) Paying for groceries
D) Paying for groceries
10. If something “costs an arm and a leg,” it is:
A) Cheap
B) Free
C) Very expensive
D) A body part
C) Very expensive
What do we call the money you receive regularly for working?
A) Wage
B) Debt
C) Tip
D) Loan
A) Wage
12. What does “go broke” mean?
A) Become rich
B) Have no money left
C) Spend wisely
D) Save money fast
B) Have no money left
20. What is interest in a bank account?
A) A service fee
B) A fine
C) Extra money you earn or pay
D) A donation
C) Extra money you earn or pay
When you withdraw money from an ATM, you are:
A) Depositing it
B) Taking it out
C) Lending it
D) Investing it
B) Taking it out
13. A refund is:
A) A reward
B) A type of investment
C) Money returned after a purchase
D) A discount for friends
C) Money returned after a purchase
14. What is a mortgage?
A) A small loan for shopping
B) A discount at the supermarket
C) A loan to buy a house or apartment
D) An investment in gold
C) A loan to buy a house or apartment
15. If you owe someone money, it means:
A) They borrowed from you
B) You gave them a gift
C) You must pay them back
D) You are rich
C) You must pay them back
21. If you make a living, what are you doing?
A) Borrowing money
B) Making enough money to survive
C) Winning the lottery
D) Saving for retirement
B) Making enough money to survive
Which word describes giving money to a good cause?
A) Donation
B) Debt
C) Investment
D) Refund
A) Donation