Skip to content
OtisamLMS
Social Studies

Social Studies · Quick practice · answer shown after each question

Financial literacy

Question 1 of 10

Question 1 of 10

Which of these is a need rather than a want?

Question 2 of 10

Question 2 of 10

A plan of expected income and spending over a period is a

Question 3 of 10

Question 3 of 10

A loan taken to buy something that loses value quickly is usually

Question 4 of 10

Question 4 of 10

Interest earned on savings is

Question 5 of 10

Question 5 of 10

Ama earns GH¢1,500 a month and spends GH¢1,200. What percentage does she save?

Question 6 of 10

Question 6 of 10

Mobile money allows people to

Question 7 of 10

Question 7 of 10

A pyramid scheme promising very high returns quickly is likely to be

Question 8 of 10

Question 8 of 10

If GH¢1,000 is saved at 10% compound interest per year, it becomes after 2 years

Question 9 of 10

Question 9 of 10

A bank account mainly used for saving that earns interest is a

Question 10 of 10

Question 10 of 10

Mobile money services in Ghana are regulated by the

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