Consumer Math : Savings and Investments, Credit & Debt

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

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

• Savings cannot be withdrawn before the maturity date.

• Saving can be withdrawn through automated teller machine

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

Puan Zakiah bought a house for RM 380000 in cash. She sold the house for RM 620000 after 5 years. The total amount of the charges involved in the transaction is RM 42000. Calculate the return of investment of Puan Zakiah.

• 49.5%

• 52.1%

• 56.9%

• 74.2%

At the beginning of the year, Daniel saves RM 10000 in a fixed deposit account which offered an interest rate or 5% per annum and the interest is compounded once every 4 months. What is the amount of interest receive by Daniel by the end of the year?

• RM508.38

• RM509.45

• RM10508.38

• RM10509.45