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WorksheetsCentsoflife-Gamification 2
Total questions: 10
Worksheet time: 8mins
How much we have to set aside our income for saving?
At least 10% from monthly income
Any leftover after spending
RM100 regardless of income
No need if we already have 11% deduction for saving in EPF
What is the main component of cash flow management?
Asset and liability
Income and expenses
Debtor and creditor
Profit and loss account and Balance Sheet
Wealth accumulation includes the following except
Protection
Speculation
Growth and diversification
Savings
……. refers to knowing well on the financial management knowledge and able to apply them by using the digital application and services.
Financial Literacy
Digital Literacy
Digital Financial Literacy
Work Smart
Which of the following is not an instrument of wealth accumulation
Bond
Certificate of Deposits
Life Insurance
Real Estate
We invest for the following reason except
To beat inflation
To be rich quickly by investing in money games
To get a good and return with reasonable risk
To achieve our financial goal
The cash outflow includes the following except
Computer games
Fast food
Saving
Credit card
……… refers to knowledge on financial product and services and know how to manage them.
Financial Literacy
Digital Literacy
Digital Financial Literacy
Work Smart
Your financial goal setting should take a S.M.A.R.T approach for making the financial decision wisely. What does the letter “R” stand for?
Realistic
Risk
Return
Readiness
The financial planning pyramid involves
Protection
Wealth accumulation
Wealth distribution
All of the above
