FWC Level 1

Shells were one of the first ancient forms of currency/money.

• True

• False

Metal was used as money because they were legitimized, hard to forge, durable, portable, and divisible.

• True

• False

Paper money originated in China.

• True

• False

Minted coins and paper money are now used in only 2% of transactions. Credit card and electronic banking has enabled massive global transactions to take place in the fraction of a second.

• True

• False

Digital technology is enabling new currencies to be created, like Linden Dollars, Bitcoin and other cryptocurrencies.

• True

• False

Investment is an asset or item acquired with the goal of generating income or appreciation over time.

• True

• False

It is referred to as a fixed-income instrument since bonds traditionally paid a fixed interest rate to debtholders.

• Bonds

• Crypto

• MP2

• Insurance

This guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime.

• Life Insurance

• Bonds

• Stock

• MP2

A stock exchange is a centralized location that brings corporations and governments so that investors can buy and sell equities.

• True

• False

This is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings.

• MP2

• Stocks

• Bonds

• Crypto