SECgurado ka na ba: Savings Island

What do you call the tax applied to the interest earnings in savings accounts?

• Withholding tax

• Income tax

• Value-added tax

• Real estate tax

In the Philippines, this refers to the pooling of participants' money by means of daily, weekly, or monthly collections. There will be a drawing of lots to determine the order by which each of the members will receive their share. What is this system called?

• Pag-iipon

• Pag-asa

• Paluwagan

• Panawagan

Based on the 2021 Financial Inclusion Survey of the Bangko Sentral ng Pilipinas, a majority of Filipinos save for emergency situations. Which of the following is not considered a proper way of spending emergency funds?

• Paying for sudden medical bills.

• Buying the latest gadget in the market.

• Covering immediate home repairs after a typhoon.

• Paying for urgent repairs for the car you use for work.

__________ is the agency that insures savings deposits in Philippine banks.

• Philippine Deposit Insurance Corporation

• Insurance Commission

• Securities and Exchange Commission

• Bangko Sentral ng Pilipinas

What digital tool automatically transfers a portion of one's income to savings or to the payment of regular bills?

• Electronic Fund Transfers

• Auto Debit Arrangement

• Manual Bills Payment

• None of the above

Which of the following characterizes a phishing email?

• Poor grammar and spelling errors

• Requests for personal or financial information

• Generic greetings like 'Dear Customer'

• All of the above

If Pedro saves P10,000 in a savings account with a 1% annual interest rate, how much interest will he earn after one year, before taxes are applied?

• P100

• P500

• P1,000

• P1,200

You received a text message saying you won P10,000 from a raffle you don't remember joining. To receive the prize, the text tells you to click a link and provide your bank details, including your pin. What should you do?

• Click the link and enter your details to claim the prize.

• Report the sender as spam and delete the message immediately.

• Forward the message to your friends and family to announce your win.

• Call the number to express your gratitude for the prize.

Which among the following individuals could be a potential victim of scams?

• Anna, who hangs up after a call when asked to provide her bank details.

• Bernice, who immediately deletes emails from senders who claim to be banks.

• Carla, who clicks the links she receives and inputs her sensitive information in suspicious links.

• Diana, who deletes messages saying she won a raffle promo she did not join.