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WorksheetsAAB Orientation Program for Mentees
Total questions: 7
Worksheet time: 5mins
Imagine that five brothers are given a gift of PHP 1,000. If the brothers have to divide the money equally, how much does each one get?
(a)
Now, imagine that the five brothers have to wait for one year to get their part of the PHP 1,000 and inflation stays at 10%. In one year’s time will they be able to buy:
More with their share of money than they could today
The same amount
Less than they could buy today
It depends on the types of things that they want to buy
Suppose you put PHP 100 into a savings account with a guaranteed interest rate of 2% per year. You don’t make any further payments into this account and you don’t withdraw any money. How much would be in the account at the end of the first year, once the interest payment is made?
(a)
How much would be in the account at the end of five years? Would it be:
More than PHP 110
Exactly PHP 110
Less than PHP 110
It is impossible to tell from the information given
Let’s assume that you saw a TV-set of the same model on sales in two different shops. The initial retail price of it was 1,000 PHP. One shop offered a discount of PHP 150 , while the other one offered a 10% discount. Which one is a better bargain, a discount of PHP 150 or 10%?
A discount of 150 PHP
They are the same
A 10% discount
Which of the following statements best describes the primary purpose of insurance products?
To accumulate savings
To protect against risks
To make payments or send money
To grow your money
Suppose you have money to invest. Is it safer to buy stocks of just one company or to buy stocks of many companies?
Buy stocks of one company
Buy stocks of many companies
