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LITERACY QUIZ BOWL

Authored by Nursyazwani Ibrahim

Financial Education

University

Used 1+ times

LITERACY QUIZ BOWL
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is retirement planning?

Planning for vacations after work

Estimating future needs when no longer working

Calculating monthly salary

 Investing in short-term stocks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum annual dividend guaranteed by EPF?

1.5%

2.0%

2.5%

3.0%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which fee is commonly charged on a credit card?

Interest charges

Annual Fee

Late payment fee

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

compound interest

reduce anxiety

increase cost of living

inflation

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