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Pocket money

Quiz by Malek Bgh

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9 questions
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  • Q1
    What is pocket money?
    Money that adults carry in their pockets.
    A special type of currency used only by children.
    Money that children earn from doing chores.
    Money that is given to children by their parents to spend on small expenses.
    30s
  • Q2
    Why do parents give pocket money to children?
    To make them rely solely on their parents for money.
    To teach them about financial responsibility and money management.
    To burden them with the responsibility of managing household expenses.
    To spoil them with unnecessary expenses.
    30s
  • Q3
    What is the purpose of saving pocket money?
    To accumulate money for future goals or larger purchases.
    To give it away to friends or siblings.
    To hide it and forget about it.
    To spend it all at once on immediate gratification.
    30s
  • Q4
    How can children earn pocket money?
    By winning a lottery.
    By finding money on the street.
    By asking their friends for money.
    By doing chores or tasks assigned by their parents.
    30s
  • Q5
    What is the purpose of setting a budget for pocket money?
    To discourage children from saving their money.
    To help children learn to manage their expenses and make informed choices.
    To restrict children's spending and limit their choices.
    To make children rely on their parents for financial decisions.
    30s
  • Q6
    What is the recommended age for parents to start giving pocket money to children?
    Never, as pocket money is unnecessary.
    When children turn 18 years old.
    It varies, but typically around 5 or 6 years old.
    Only when children become teenagers.
    30s
  • Q7
    What is the primary purpose of pocket money?
    To buy expensive gifts for friends.
    To empower children with financial independence and decision-making.
    To fund parents' expenses.
    To reward children for good behavior.
    30s
  • Q8
    What is an advantage of giving children pocket money?
    It discourages them from saving their money.
    It encourages them to rely solely on their parents for money.
    It spoils them with unnecessary expenses.
    It teaches them financial responsibility and accountability.
    30s
  • Q9
    What is an effective way for children to track their pocket money?
    Keeping all the money in a piggy bank.
    Memorizing all the transactions without writing them down.
    Using a notebook or a mobile app to record their income and expenses.
    Asking their parents to keep track for them.
    30s

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