Learn Without Walls
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Session 4 Quiz

Test What You Learned!

8 multiple-choice questions about Session 4: Saving and Goals. Get 6 or more right to pass!

How it works:

Progress

1

Why does saving matter?

  • So you can show off how much money you have
  • To prepare for unexpected expenses and future goals
  • Because you are not allowed to spend money
  • To make banks richer
2

What is an emergency fund?

  • Money for buying fun things
  • Money set aside for unexpected expenses
  • A bank account that earns interest
  • Money you give to charity
3

What does the S in SMART goals stand for?

  • Saving
  • Specific
  • Simple
  • Smart
4

If you want to save $30 and can save $5 per week, how many weeks will it take?

  • 3 weeks
  • 5 weeks
  • 6 weeks
  • 30 weeks
5

What is the difference between saving and hoarding?

  • There is no difference
  • Saving has a purpose; hoarding keeps money out of fear with no plan
  • Saving is for poor people; hoarding is for rich people
  • Hoarding is just saving a lot
6

Why does Islam encourage saving before buying?

  • Because stores give discounts for cash
  • To avoid debt and interest (riba), which are prohibited
  • Because credit cards did not exist in the past
  • Because saving is mandatory
7

What is delayed gratification?

  • Buying things immediately
  • Waiting for something you want instead of getting it right away
  • Giving away what you have
  • Being unhappy about money
8

How can cutting one small want help your savings?

  • It cannot — small amounts do not matter
  • Every dollar saved adds up, making you reach your goal faster
  • You should never cut wants
  • Small wants are actually needs