Financial Literacy and Investment Quiz
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Questions and Answers

Which of the following best describes the role of financial education in achieving financial well-being?

  • It provides individuals with opportunities to invest in stocks and bonds.
  • It helps individuals understand the importance of saving money. (correct)
  • It focuses on improving individuals' physical health and well-being.
  • It teaches individuals how to become successful entrepreneurs.
  • What are the three pillars of investments?

  • Saving, spending, and investing
  • Income, expenses, and savings
  • Risk, return, and diversification (correct)
  • Stocks, bonds, and real estate
  • Why is there a need for financial literacy?

  • To increase personal wealth
  • To achieve financial independence
  • To make informed financial decisions (correct)
  • To avoid financial scams
  • Which of the following is NOT a reason for the need for financial literacy?

    <p>To increase personal wealth</p> Signup and view all the answers

    What is the role of financial education in achieving financial well-being?

    <p>To provide individuals with basic financial knowledge</p> Signup and view all the answers

    Which of the following is NOT one of the three pillars of investments?

    <p>Savings accounts</p> Signup and view all the answers

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