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WorksheetsQuiz Consumer Math 10% PNG
Total questions: 22
Worksheet time: 22mins
An account that pays interest on a specific sum of money that a person has deposited for a specific period of time. If withdrawn before that time,the bank imposes a penalty fee.
Savings Account
Fixed Deposit Account
Current Account
Personal Account
The percentage rate that is used when calculating the interest (money) paid on a savings, money market, or investment account.
Compound Interest
Interest rate
Simple Interest
Rate of Investment
Act of purchasing assets (shares, bond, property) with expectation that they will increase in value over time.
Savings
Credit
Return of Investment
Investment
An account you set up at a financial institution where you put aside a funds for future use.
Current Account
Fixed Deposit Account
Personal Fund
Savings Account
A low risk investment offered by the government that has the most predictable income.
Company Shares
Unit Trust
Real Estate Investment
Fixed Deposit Programme
If you deposit RM200 into a Savings Account at 1% for 3 years, how much simple interest will you earn ?
RM1
RM5
RM6
RM35
You have a savings account with an average balance of RM500, which bank has the better deal?
Bank A with 10% annual interest rate and RM5/month in fees
Bank B with 2% annual interest rate and no fees
They are the same
Neither is a good choice
To successfully open a savings account, which of the following is NOT required?
3 months of Salary slip
Minimum deposit (if applicable)
A legal form of identficiation
If under 18, a guardian's signature
The owner of a companies shares.
Businessman
CEO
Millionaire
Shareholder
A part into which a companies capital is divided, entitling the shareholder to a portion of the profits.
Dividend
Capital gains
Share
Cost Averaging Strategy
An amount of money paid by a company regularly to it's shareholders
Profit
Return Rate
Dividends
Cash back
The "return of investment" is
The rate of how long you have to hold an investment
The rate that you have to pay to buy an investment
The percentage of increase or decrease expressed by percentage of the total return compared to initial investment
The interest rate earned
Mr Nazrin deposited RM6000 in a fixed deposit account for 2 years with interest rate of 6% per annum. The interest compounded once every 4 months. Find the amount of interest Mr Nazrin earned
RM720
RM756.97
RM6756.97
RM36.97
Encik Adudu saved RM20 000 of principle of wadiah for 1 year. By the end of the year, he received RM20 500 as a return. RM500 is an additional as a hibah (gift) from the bank. Calculate the precentage of hibah.
2.4%
2.5%
15%
97.56%
Jojo bought house at RM300 000 with down payment RM30 000. After 20 years, she sold the house at a price RM600 000. The loan amount amortised was RM475 000 and he managed to earn RM60 000.Expenses he need to pay are : stamp duty (RM4 000), agent commision (RM2 000) and legal cost (RM4 000).What his Return on Investment (ROI)?
RM60 000
RM85 000
RM125 000
RM145 000
Papa Zola invested RM400 000 in Manis Company shares at RM2.00 per unit. The company declared a dividend of 8% for that year.How many dividends he earned?
RM3 200
RM 32 000
RM432 000
RM800 000
Which types of savings and investment have LOW liquidity levels?
Company shares
Saving
Real estate
Unit Trust
Below are an advantages of the cost averaging strategy for investors EXCEPT
Able to take advantage of the unit price change
Not influenced by emotion
Lower the risk of loss
Political situation
Write your FULL NAME (ALL CAPS)
Which class are you in 2021?
3C
3H
3O
3S
3Y
