LITERACY QUIZ BOWL

What is a key consideration when establishing investment goals?

• Focusing on short-term investment goals only

• Assuming high risk for high returns

• Determining specific and measureable

• Relying solely in financial advisors for investment decisions

What is an important aspect of assessing investment decisions?

• Considering safety, risk, income, growth and liquidity

• Disregarding income and focusing on capital appreciation

• Prioritizing short - term gains over long-term growth

• Ignoring risk and focusing on growth 

What is retirement planning?

• Planning for vacations after work

• Estimating future needs when no longer working

• Calculating monthly salary

•  Investing in short-term stocks

What is the minimum annual dividend guaranteed by EPF?

• 1.5%

• 2.0%

• 2.5%

• 3.0%

Which fee is commonly charged on a credit card?

• Interest charges

• Annual Fee

• Late payment fee

• All of the above

A charge card requires the user to:

• Pay minimum 5% of the balance monthly

• Pay the balance in full every month

• Pay only after 12 months

• Pay interest on every transaction

The major financial benefit of beginning your retirement funding early is related to?

• compound interest

• reduce anxiety

• increase cost of living

• inflation

The major advantage of mutual funds to the small investor is?

•  diversification

• convenience

• professional management

• liquidity

Which of the following are NOT types of credit card?

• credit card

• charge card

• charge card

• housing loan

According to the text, which of the following should Islamic Investment NOT involve?

• Investment in shares

• Investments in real properties

• Conventional insurance

• Investments in fixed deposit account