Financial Literacy Quiz 7 Grades 7-9

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* 1. Alison and Jagmeet are good friends and in the same class at school. The teacher has assigned a group assignment, and has asked Alison and Jagmeet to work in different groups. Jagmeet quickly gets invited to work in a group with three other students. Why do you think the other students are so eager to include Jagmeet in their group?

Jagmeet always follows through and does what he says he is going to do

Jagmeet uses good judgement when making decisions

Jagmeet blames others when things do not go well

None of the above

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* 2. Alison has had to ask two groups to be included before she found a group to work with. Alison is usually very popular in the playground, why do you think she is having difficulty finding a group to work on the project with?

Alison does not always meet deadlines

Alison prefers to socialize than to do homework

Alison tends to find excuses for her work not being ready on time

All of the above

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* 3. One of the things that binds Alison and Jagmeet's friendship is they both are passionate about the environment. What actions would they take that demonstrate this?

Bring their lunch to school in reusable containers

They only buy what they need, not what they want

They recycle or reuse whenever possible.

All of the above

Watch the following video and answer the questions that follow: https://www.youtube.com/watch?v=2Ypif-QElok

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* 4. If we all followed Alison and Jagmeet's example and only purchase what we need, what would the impact be?

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* 5. Canada and the United Nations has committed to achieving responsible consumption by what year?

2025

2030

2035

2050

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* 6. How can manufacturers contribute to achieving responsible consumption?

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* 7. This is an election year! Your teacher has assigned each of you to a political party to learn about their platform and specifically about their plan to reach responsible consumption by 2030. Why is it important for you to learn about this?

When you are old enough, it is your responsibility to learn about the issues and cast your vote

When you learn about and understand the issues, you can decide to make changes that have a positive impact

When you learn about and understand the issues, you can make purchasing decisions that have positive impact

All of the above

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* 8. At home, you have discussing saving your money for post secondary education. You have expressed interest in investing your money in companies that are working towards achieving responsible consumption. Why is this important to you?

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* 9. If you invest $1000 in a company that seems to be working toward achieving responsible consumption, and then do not, what might happen to your $1000?

You could lose all or part of it

You might sell your investment because you no longer believe in company

The company could achieve a higher profit and you could earn more on your $1000

All of the above

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* 10. If you decide to sell your investment because you no longer believe in the company, how will you feel if you lose money?

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* 11. If you decide to leave your investment and the company makes a profit despite not achieving its responsible consumption goals by 2030, how would you feel?

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* 12. When looking towards responsible consumption, it is important to distinguish between renewable resources and non-renewable resources? What is the difference?

Renewable resources can be replaced

Non-renewable resources are gone once they are used

Non-renewable resources can become scarce

All of the above