Consumer Mathematics

Front

What is a unit trust?

Back

A unit trust is a type of collective investment scheme that pools money from multiple investors to invest in a diversified portfolio of assets, managed by a professional fund manager.

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What are dividends?

Back

Dividends are payments made by a corporation to its shareholders, usually as a distribution of profits.

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What is a current account?

Back

A current account is a type of bank account that allows for frequent transactions, including deposits and withdrawals, and is typically used for day-to-day banking needs.

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What is a fixed deposit account?

Back

A fixed deposit account is a savings account where money is deposited for a fixed term at a specified interest rate, usually offering higher interest than a regular savings account.

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What is capital gain?

Back

Capital gain is the increase in the value of an asset or investment over time, realized when the asset is sold for more than its purchase price.

Front

What are the disadvantages of credit cards?

Back

Disadvantages of credit cards include incurring charges such as annual fees, finance charges (interest), late payment charges, and the risk of overspending.

Front

What is the advantage of a vehicle loan?

Back

The advantage of a vehicle loan is that it does not require a lump sum payment, allowing the buyer to pay for the vehicle in installments.

Front

What is the risk level of investing in company shares?

Back

Investing in company shares is generally considered high risk due to market volatility and the potential for loss.

Front

What is the purpose of a savings account?

Back

A savings account is designed to hold money that is not intended for daily expenses, allowing it to earn interest over time.

Front

What is overspending?

Back

Overspending occurs when an individual spends more money than they have available, often leading to debt.