Interactive multiple-choice quiz: ENGLISH LANGUAGE EXAMINATION COMPREHENSIVE TEST Money Talks

A

To avoid using banks altogether

B

Because they lay the groundwork for future financial freedom

C

To be able to buy expensive items immediately

D

To eliminate the need for a job in the future

A

To earn high interest over time

B

To borrow large sums of money

C

To provide the liquidity needed for daily purchases

D

To pay off credit card debts automatically

A

The bank charges you a fee every month

B

The bank pays you for keeping your money in the account

C

You are not allowed to withdraw your money for ten years

D

Your income is automatically doubled by the government

A

Buying items using physical cash

B

Saving too much money in a checking account

C

Buying items that individuals cannot afford

D

Paying back borrowed money without interest

A

Credit is money borrowed from the bank that must be repaid with interest

B

Physical cash can only be used for online purchases

C

Credit does not require any repayment

D

Physical cash always earns compound interest

A

Spending all income as soon as it is earned

B

Using credit cards for every purchase

C

Shopping smartly and following a strict budget

D

Avoiding opening any bank accounts

A

Teenagers

B

Personal finances

C

These skills

D

Small amounts

A

Compound interest

B

Daily purchases

C

A savings account

D

A checking account

A

Gradual gathering or growth over time

B

Immediate spending of funds

C

Loss of money due to fees

D

Division of assets among friends

A

Money that is locked in long-term investments

B

Cash or funds easily accessible for daily spending

C

Debt owed to a credit card company

D

Interest earned on borrowed money

A

used to spend

B

are spending

C

will spend

D

have spent

A

temporary

B

consistent

C

random

D

careless

A

ignore

B

forget

C

realize

D

reject

A

prevents

B

allows

C

forbids

D

stops

A

surprising

B

boring

C

impossible

D

painful

A

identity

B

membership

C

credit

D

library

A

earning

B

donating

C

borrowing

D

saving

A

foolishly

B

smartly

C

carelessly

D

greedily

A

used

B

am used

C

using

D

use

A

dependence

B

poverty

C

independence

D

confusion