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OtisamLMS
Management in Living

Management in Living · Quick practice · answer shown after each question

Financial literacy for family security

Question 1 of 10

Question 1 of 10

Ghana's main social security pension scheme for workers is run by

Question 2 of 10

Question 2 of 10

Diversifying investments helps a family to

Question 3 of 10

Question 3 of 10

Paying a small regular amount to a company that will cover the cost of a loss, such as a fire, is

Question 4 of 10

Question 4 of 10

A pension scheme such as SSNIT provides

Question 5 of 10

Question 5 of 10

An emergency fund is money

Question 6 of 10

Question 6 of 10

A family's monthly income is GH¢3,000. Following the 50/30/20 budgeting rule, how much should go to savings?

Question 7 of 10

Question 7 of 10

Investing in treasury bills means

Question 8 of 10

Question 8 of 10

An emergency fund is money saved for

Question 9 of 10

Question 9 of 10

A family earns GH¢4,000 a month and saves 15%. How much does it save each month?

Question 10 of 10

Question 10 of 10

A family emergency fund should ideally cover

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.