WorksheetsCHAP.2 - POWER FROM YOUR MONEY CHAP.3 - FINANCIAL PRODUCT
Total questions: 25
Worksheet time: 25mins
Financial goals guide you towards achieving the life that you want.
true
false
Financial goals must reflect your unneeded thing
true
false
Medium terms goals is more than less than 1 year
true
false
If you plan to have RM170,000 in five years, it means that you are considering long term goal.
true
false
Is it true that personal financial will help you in planning for tax exemption?
true
false
Liabilities means that you have an obligation to pay debts.
true
false
Need means that you like to have but not absoluteley necessary
true
false
Shares in the companies mean that you own an asset in the company.
true
false
If total assets is less than total liabilities, it means that you have positive net worth.
true
false
Net worth = total assets - total liabilities
true
false
Is it true that if you want to increase your net worth, then you should decrease your spending/expenses
true
false
Variable expenses includes house rental, insurance premium and credit cards
true
false
Successful budget means that if you have moderate income dont expect to spend more than you earn.
true
false
If you have moderate income dont expect to save a lot of money in a short period
true
false
Delaying gratification means that you are extending time to spend the money that you cannot afford.
true
false
Which below is fixed expenses?
Rental of room
Car payment
Car insurance
Credit cars
Petrol expenses
Which below is variable expenses?
Food
House utilities
Handphone bill
bus and taxi fare
Car repairs
Which below is discretionary expenses?
medical expenses
Clothing
Personal item
Gifts
Birthday parties
Electronic transfer fund between different banks.
(a)
If you want to ask about account enquiries, deposits and withdrawal, fund transfer or bill payments. This is services for
(a)
Machine that let you deposits and payment transactions by cash or cheque.
(a)
(a) banking give you opportunity to conduct transactions via the Internet.
Saving accounts give you opportunities to do:
Accounts enquiries
Cheque payments
Withdrawals
Inter bank transfer
Independent body to settle complaints, disputes or claims between you and financial services providers.
This is
PIDM
FMB
How to conduct your banking transactions safely?
Change you accounts regularly
do not store your password and login id in computer
avoid using public personal computer
Leave your computer unattended
Always sign off properly after each session
