If you have a fixed monthly budget of 3,000 yuan, which allocation is most reasonable?
Spend it all on entertainment
Save 20%, then spend on needs & little fun
Spend it all on clothes
Borrow money to treat friends
Which is NOT a main reason to build an emergency fund?
Cover unexpected medical costs
Handle temporary job loss
Buy the latest smartphone
Avoid high-interest loans in emergencies
You owe 1,000 on a credit card with a minimum payment of 50, What happens?
No interest will be charged
Remaining debt grows with interest
Credit score drops immediately
Bank forgives the remaining debt
Which of the following actions is most likely to improve your credit score?
Always paying only the minimum payment
Never using any credit card for a long time
Paying the full balance on time and keeping a low credit utilization rate
Frequently applying for new credit cards
You see a nice item on sale but not in your budget. Which choice shows good financial literacy?
Use "Buy Now, Pay Later" immediately
Spend next month's money now
Save first, buy when budget allows
Borrow money from a friend
Which type of debt is generally considered "good debt"?
Credit card debt for luxury goods
Student loans for education or training
Installments for a new smartphone
Consumer loans for travel
You save 10% of your income monthly and invest it at 5% annual return. What strategy is this?
Speculation
Compound interest & long-term saving
High-risk investment
Inflation hedging
Which is the most typical example of "passive income"?
Working part-time as a tutor
Renting out unused property
Working at a restaurant
Lending to friends for interest
Your savings account pays 0.5% interest, but inflation is 3%. What happens to your purchasing power?
Increases
Stays the same
Decreases
Unrelated to interest
What is the first step for a college student to develop financial literacy?
Start investing in stocks
Track income/expenses and create a budget
Apply for multiple credit cards
Borrow money to start a business