Financial Literacy - Quiz 1 LO1&2

Financial Wellbeing is mainly related to:

^{(please select the most accurate answer)}

• Money collection for future expenditures.

• Security & Hedge against the unforeseen events

• Wealth transformation to next generations

• Shop for best banking experience

The most External factor that influence individual needs/wants is:

• Peer pressure

• Self Beliefs

• Internal Values

• Fashion Trends

The payment mechanism that enables an account holder to instruct their provider to pay a specific amount of money to a specific person or organization, is called:

(a)  

For an immediate purchase settlement, we use ................... ................, which charge our existing credit balances.

(a)  

The Risk Factor, may be assessed based on:

• It's Income & Growth

• It's Likelihood & materiality Impact.

• It's Deep Diversification

• As long as Credit Score is above 700