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Learners Assessment Challenge

1. What is the main reason people are encouraged to save money?
 
2. Which of the following is an example of a formal savings method?
3. An example of informal saving is:
 
4. When choosing where to save, one should consider:
 
5. A basic rule of saving is:
 
6. Which factor can positively influence someone's ability to save?
 
7. What is the first step in developing a savings habit?
 
8. A good savings strategy for irregular income earners is to:
 
9. Which of the following is a common barrier to saving?
 
10. An example of an ethical saving practice is:
 
11. An unethical approach to saving includes:
 
12. 12. You intend to buy a book worth Ksh.1000/=. The following are steps you would take to achieve a financial goal, of saving for the new book. I. Create a savings plan II. Track your progress III. Set a specific goal Which of the following is the correct order
 
13. What’s the first thing you should do when you want to start saving?
 
14. A savings plan should include: