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WorksheetsKuiz Minggu ke 12 warrior of infinity
Total questions: 13
Worksheet time: 3hrs 46mins
Who is the former 7th Governor of Bank Negara Malaysia, Malaysia's central bank?
Tan Sri Nor Shamsiah binti Mohd Yunus
Tan Sri Dr. Ungku Zeti Akhtar binti Ungku Abdul Aziz
Ali Abul Hassan Sulaiman
Ahmad Mohd Don
forAccording to the World Bank's Human Capital Index, What is Malaysia ranks out of 157 countries?
50
15
100
55
Which of the following is not the type of fixed expenses?
Life / Disability / Extended health (or other) insurance
Car loan
house rental
car scheduled service payment
Your goal should be clear and ___________, otherwise you won't be able to focus your efforts or feel truly motivated to achieve it. When drafting your goal, try to answer the five "W" questions:
What do I want to accomplish? Why is this goal important? Who is involved? Where is it located? Which resources or limits are involved?
Which part of SMART goal does the above statement represent?
time bound
Measurable
Specific
achievable
which of the following does not represent financial freedom?
having enough savings, financial investments, and cash on hand to afford the kind of life desired for ourselves and our families
growing savings that enable us to retire or pursue the career we want without being driven by earning a set salary each year
being able to pay the bills with money left over each month or having a fully funded emergency account
having enough ability and credibility legally to create another loan for investment of company.
Which of the following are not varied expenses?
monthly groceries expenses
personal care expenses
childcare costs
house extension and repair
If the price of petrol is increased by 20%, by what percentage the consumption should be decreased by the consumer, if the expenditure on petrol remains unchanged?
16 32
15
8
6 32
Before applying for a home loan from the bank, some of the most important things you should bear in mind, are the interest rates and the type of category you can apply for.
For the former, there are fixed and variable interest rates to consider.Fixed interest rate is
interest that usually tied to the ongoing movement of base interest rates (like the so-called "prime interest rate" that lenders use to set their interest rates.
set percentage that doesn’t change throughout the duration of your loan
monthly repayments goes towards paying off both the principal amount and the interest accrued
interest that banks often give favored customers for loans, as it tends to be relatively lower than the usual interest rate offered to customers
According to THE RinggitPlus Malaysian Financial Literacy Survey (RMFLS 2021) ,due to the COVID-19 pandemic, Malaysians are finding it harder to save money each month.
In fact, the survey found that 52% of respondents save less than RM500 monthly or do not manage to save at all, an increase from last year’s 49%.Meanwhile, 21% live paycheck to paycheck as they do not save any money each month (a slight increase from 19%).
According to above statement,rank in increasing order the following list according to the importance of saving money.
i - travel ii -retirement iii - emergency fund iv - home
i,ii,iii,iv
ii,iv,iii,i
i, iv , ii, iii
iv,i,ii,iii
The Debt Service Ratio (DSR) is a really important part of that. That’s basically how banks decide if you can afford to pay each month for your home loan in Malaysia.
Here’s a simple formula to calculate your DSR:
(Total monthly commitments ÷ Net income) x 100% = Debt Service Ratio
Example:
Total monthly commitments: RM500 (car loan) + RM200 (PTPTN) + RM300 (credit card) = RM1,000 Net income: RM4,500
(RM1,000 ÷ RM4,500) x 100% = 22%
if yasmin have monthly income of 3500.
total commitments : RM700 ( Car loan) + 400 ( personal loan) + 200 ( insurance) + 200 (installment payment)
what is her debt service ratio?
47.83
42.86
45.53
40.29
What is Cash Flow?
the net amount of cash and cash equivalents being transferred in and out of a company
money flow when occurs when a business spends more than it makes within a given period.
o cash on hand or an asset that can be readily converted to cash
t a company's liquid assets are increasing, enabling it to cover obligations, reinvest in its business, return money to shareholders, pay expenses, and provide a buffer against future financial challenges
It's important to have __________ goals, so that you can track your progress and stay motivated. Assessing progress helps you to stay focused, meet your deadlines, and feel the excitement of getting closer to achieving your goal.
A ____________ goal should address questions such as:
How much? How many? How will I know when it is accomplished?
WHICH PART OF SMART GOALS IS THIS?
time bound
relevant
measurable
achievable
One of the most significant events in the history of the Malaysian economy was ___________, which caused Malaysia's GDP to shrink from US$100.8 billion in 1996 to US$72.2 billion in 1998.what is this events related to financial and economic growth of Malaysia?
Economic impact of the COVID-19 pandemic
1997 Asian Financial Crisis
1998 Asian Financial Crisis
Black Wednesday (1992)
