Consumer Maths Form 3: Saving, Investment, Credit and Debt

Class

• 3 Cambridge

• 3 Harvard

• 3 Oxford

• 3 Sheffield

• 3 Yale

Which of the following is a type of saving

• Saving Account

• Current Account

• Fixed Deposit Account

• Unit Trust

• Real Estate

Which of the following show smart management of credit and debt

• Siti spends more that her repayment ability

• Aida uses auto debit method to pay her bills

• Aiman makes budget every month

• Hamid always make late repayment

Which of the following is the weaknesses of the uses of credit card

• Provides interest free repayment service

• Easy to use for cashless payment

• Could be imposed interest and charges

• Easy to overspend

Which of the following is a high risk investment?

• Fixed Deposit

• Real Estate

• Unit Trust

• Share

True or False:

The current account holder may make payment by cheque.

• True

• False

True or False:

The saving account holder need to deposit certain amount of money for a certain period of time such as 1 month, 3 months, 6 months

• True

• False

Puan Lau wants to get high return from a moderate risk investment. Which of the following is suitable for Puan Lau?

• Real Estate

• Unit Trust

• Shares

• Fixed Deposit

Which of the following is the correct description for fixed deposit account

• Allowed to make payment from cheque

• Save money for a certain period of time to get higher interest rates

• Saving can be withdrawn through automated teller machine

• Based on the principle of profit sharing

The interest rate offered by Bank Ceria for its fixed deposit account is 3% per annum. Nasir, Osman and Kamal saves RM $q$  for one year in Bank Ceria respectively with compounding every 2 months, 6 months and 3 months. 

Which one of the receives the highest amount of interest.

• Nasir

• Osman

• Kamal