Global: Making Informed Financial Decisions Quiz

Pointi 1

Which of the following best describes making informed financial decisions?

Gathering all relevant information and comparing options before making a choice

Sahihi Si sahihi Jibu sahihi

Acting on impulse without considering the consequences

Sahihi Si sahihi Jibu sahihi

Focusing only on the emotional appeal of an advertisement

Sahihi Si sahihi Jibu sahihi

Spending money as quickly as possible without a plan

Sahihi Si sahihi Jibu sahihi

Pointi 1

Which step is essential before making a large purchase, like a car?

Considering ongoing maintenance, fuel, insurance, and financing costs

Sahihi Si sahihi Jibu sahihi

Ignoring additional expenses and focusing only on the purchase price

Sahihi Si sahihi Jibu sahihi

Basing the decision solely on an advertisement’s claims

Sahihi Si sahihi Jibu sahihi

Waiting for a price increase before deciding

Sahihi Si sahihi Jibu sahihi

Pointi 1

Financial responsibility involves:

Setting priorities, avoiding unnecessary debt, and practicing disciplined saving

Sahihi Si sahihi Jibu sahihi

Spending without considering consequences

Sahihi Si sahihi Jibu sahihi

Taking on debt for non-essential luxuries without a plan

Sahihi Si sahihi Jibu sahihi

Ignoring emergency funds and long-term goals

Sahihi Si sahihi Jibu sahihi

Pointi 1

Which of the following is considered “good debt”?

High-interest credit card debt used for a shopping spree

Sahihi Si sahihi Jibu sahihi

A payday loan with extremely high fees

Sahihi Si sahihi Jibu sahihi

A mortgage that helps build equity over time

Sahihi Si sahihi Jibu sahihi

An impulsive purchase financed with a personal loan

Sahihi Si sahihi Jibu sahihi

Pointi 1

What is the main difference between short-term and long-term financial goals?

Short-term goals require easily accessible funds and are achieved quickly, while long-term goals often involve investments and take more time to reach

Sahihi Si sahihi Jibu sahihi

Short-term goals always cost more money than long-term goals

Sahihi Si sahihi Jibu sahihi

Long-term goals are completed in a few weeks, while short-term goals take decades

Sahihi Si sahihi Jibu sahihi

There is no difference, both short-term and long-term goals are the same

Sahihi Si sahihi Jibu sahihi

Pointi 1

Paying off high-interest debt first can reduce the total cost of borrowing.

Kweli

Sahihi Si sahihi Jibu sahihi

Uongo

Sahihi Si sahihi Jibu sahihi

Pointi 1

Setting financial priorities includes allocating funds to savings and emergency funds before spending on non-essential items.

Kweli

Sahihi Si sahihi Jibu sahihi

Uongo

Sahihi Si sahihi Jibu sahihi

Pointi 3

Tafadhali linganisha neno na ufafanuzi wake.

Panga vipengele

The value of the next best alternative given up when making a choice
Debt that can increase long-term financial stability, such as a mortgage
High-interest debt that provides no long-term benefit, like credit card debt for unnecessary purchases

Opportunity Cost

Sahihi Si sahihi Jibu sahihi

Good Debt

Sahihi Si sahihi Jibu sahihi

Bad Debt

Sahihi Si sahihi Jibu sahihi

Pointi 3

Tafadhali linganisha neno na ufafanuzi wake.

Panga vipengele

A financial objective achievable in under 3 months (e.g., building an emergency fund)
A financial objective achievable in 3-12 months (e.g., paying off credit card debt)
A financial objective that takes more than a year to achieve (e.g., saving for retirement)

Short-Term Goal

Sahihi Si sahihi Jibu sahihi

Intermediate Goal

Sahihi Si sahihi Jibu sahihi

Long-Term Goal

Sahihi Si sahihi Jibu sahihi

Pointi 1

Arrange these steps in making an informed financial decision from first (#1) to last (#4). Available choices: Identify your goal / Gather and analyze information / Weigh risks and rewards / Make the final choice

Sahihi Jibu Sahihi Si sahihi

Tazama Majibu:

Pointi 1

Arrange these financial responsibilities from highest priority (#1) to lower priority (#4). Available choices: Building an emergency fund / Paying for essential expenses like housing and food / Saving for long-term goals like retirement / Spending on non-essentials (luxuries)

Sahihi Jibu Sahihi Si sahihi

Tazama Majibu:

Pointi 1

What is one financial principle you learned that you believe will help you make better long-term financial decisions, and why?

Jibu hili litakaguliwa na kupangwa baada ya kuwasilisha.

Ulimwenguni: Maswali ya Kufanya Maamuzi ya Kifedha kwa Ufahamu

Ulimwenguni: Maswali ya Kufanya Maamuzi ya Kifedha kwa Ufahamu

Muhtasari wa Maswali

Habari

Matokeo

Matokeo

Kategoria

1. Swali

2. Swali

3. Swali

4. Swali

5. Swali

6. Swali

7. Swali

8. Swali

Panga vipengele

9. Swali

Panga vipengele

10. Swali

11. Swali

12. Swali