Quiz about CONSUMER MATHEMATICS : SAVINGS AND INVESTMENTS (F3)

Question 1

Pilih jenis simpanan.

Choose the type of savings.

(You can choose more than one answer)

Accepted Answer

Akaun Simpanan Saving Account

Accepted Answer

Akaun simpanan tetap

Fixed deposit account

Accepted Answer

Akaun simpanan semasa

Current account

Answer

Saham

Share

Answer

BonBond

Question 2

These are the benefits in using Saving Accounts EXCEPT

Accepted Answer

interest rate is higher compared to fixed deposit account

Answer

can save any amount according to saving account holder's ability.

Answer

receive interest based on the total amount and duration of savings

Answer

the saving account holder can withdraw the savings at any time

Question 3

The following is true statement about Fixed Deposit Account EXCEPT

Accepted Answer

Saving can be drawn before the maturity date

Answer

A sum of money is saved for a certain period of time

Answer

Account holder will be offered more competitive interest rates compared to Saving Account

Answer

A saving certificate will be issued to the account holder

Question 4

Which one is TRUE statement about Current Account? (More than one answer)

Accepted Answer

Saving in the current account can be used for personal or business purposes.

Accepted Answer

Some bank not pays interest on the saving in the Current Account and is subjected to services charges

Accepted Answer

Normal withdrawn are usually allowed via debit cards and other channel such as Internet banking, phone banking and so on.

Answer

Account holder cannot make payment to another party by cheque.

Answer

Account holder cannot enjoy an overdraft facility (withdraw money beyond balance of deposit) but with interest charges.

Question 5

Interest of savings are rewarded paid by financial institutions such as bank to depositors. There are 2 types of interest which is simple interest and _____________.

Accepted Answer

compound interest

Answer

fixed interest

Answer

flat interest

Answer

principal interest

Question 6

Which one the CORRECT formula for calculating the simple interest?

Accepted Answer

$$I=P imes r imes t$$

Answer

$$I=P\left(r+t\right)$$

Answer

$$I=P imes\frac{r}{100} imes t$$

Answer

$$I=P\left(1+\frac{r}{n}\right)^{nt}$$

Question 7

Rate is given in _____(1)______ form.

Thus, we must divide the rate by a ____(2)____.

Accepted Answer

(1) percentage

(2) hundred

Answer

(1) number

(2) hundred

Answer

(1) percentage

(2) thousand

Answer

(1) number

(2) thousand

Question 8

Question 8.

Accepted Answer

RM200

Answer

RM20

Answer

RM1,200

Answer

RM10,200

Question 9

Calculate monthly instalment if Sofia makes a personal loan of RM40 000 with the flat interest rate of 4.5% per annum for 7 years.

Accepted Answer

RM626.19

Answer

RM1050

Answer

RM920

Answer

RM735.33

Question 10

What is the impact on simple interest as a result of changing the savings period?

Accepted Answer

The longer the saving period (at the bank), the higher amount of interest earned.

Answer

The longer the saving period (at the bank), the lower amount of interest earned.

Question 11

What is the impact on the total annual returns

interest rates are different for the same principal?

Accepted Answer

For the same principal, when the interest rates increase, the total savings at the end of the year also increases.

Answer

For the same principal, when the interest rates increase, the total savings at the end of the year is decreases.

Answer

For the same principal, when the interest rates increase, the total savings at the end of the year is same.

Question 12

Encik Tan keeps RMx in savings account at 3.5% per annum. The amount of Encik Tan's saving after he has saved for 6 years is RM36 300. Calculate the value of x.

Accepted Answer

C. RM30 000

Answer

A. RM20 000

Answer

B. RM25 000

Answer

D. RM35 000

Question 13

What is the CORRECT formula to calculate the compound interest?

Accepted Answer

$$MV=P\left(1+\frac{r}{n}\right)^{nt}$$

Answer

$$MV=P imes r imes t$$

Answer

$$MV=P\left(1+\frac{r}{100}\right)^t$$

Answer

$$MV=P\left(1+\frac{r}{n}\right)^t$$

Question 14

Calculate the total savings in the account after 5 years?

Accepted Answer

RM 16,408.36

Answer

RM 2,240.00

Answer

RM 16,240.00

Answer

RM 14,044.86

Question 15

Calculate the amount in the account if RM15 000 is kept for 2 years with 3.2% compound interest rate compounded monthly

Accepted Answer

RM 15 990.02

Answer

RM 15 900

Answer

RM 15 990

Answer

RM 1590

Question 16

Pelaburan ialah ......

Investment is ......

Accepted Answer

pertukaran wang kepada aset dengan harapan aset itu menghasilkan keuntungan.

the exchange of money to asset with a hope to gain profits.

Answer

wang yang disimpan di institusi kewangan yang memberi faedah dan perlindungan kepada wang yang disimpan.

the money that is saved in financial institution that offers interest and protection to the money being saved.

Answer

caj ke atas wang yang dipinjam atau dilabur.

the charges on the money borrowed or invested.

Answer

pegangan hak milik sesuatu syarikat.

the ownership of a company.

Question 17

Pilih jenis pelaburan.

Choose the type of investments.

(You can choose more than One answer)

Accepted Answer

BonBond

Accepted Answer

Saham

Share

Accepted Answer

Amanah saham

Unit Trust

Accepted Answer

Hartanah

Real estates

Answer

Akaun simpanan semasa

Current account

Question 18

Which one the TRUE statement about shares? (choose more than one answer)

Accepted Answer

A company will issue shares for the purposes of raising capital. An individual who purchases shares from that company is the employee of the company under certain conditions

Accepted Answer

The share holders will receive returns in the form of dividends and capital gains

Answer

A company will issue shares for the purposes of raising capital. An individual who purchases shares from a company is the owner of the company under certain conditions.

Answer

The share holders will receive returns in the form of interest only

Question 19

Cost Averaging Strategy (CAS) is a technique commonly practiced by investors who invest in shares with a fixed amount for a certain period. CAS can help investor to _____ shares with a ____ average cost and the total number of shares owned will be _____ within the same investment period.

Accepted Answer

buy, lower, higher

Answer

buy, higher, lower

Answer

sell, lower, higher

Answer

sell, higher, lower

Question 20

Who is the wise investor? Hence, what is the average cost per share that she used?

Accepted Answer

Esther, RM1.88

Answer

Esther, RM2.00

Answer

Linda, RM2.00

Answer

Linda, RM1.88

Question 21

Below is the advantage using Cost Averaging Strategy(CAS) except

Accepted Answer

Gain maximum profit

Answer

Able to take advantage of the unit price change

Answer

Not influence by emotions

Answer

Lower the risk of loss

Question 22

Trust fund is controlled by a ___(1)______ company that is managed by a qualified proffesional manager in the field of _______(2)_______

Accepted Answer

(1) Unit trust

(2) investment

Answer

(1) real estate

(2) saving

Answer

(1) shares

(2) investment

Answer

(1) shares

(2) saving

Question 23

Which one is NOT the types of return in Trust Fund Investment?

Accepted Answer

Interest

Answer

Dividend

Answer

Bonus shares

Answer

Capital Gain

Question 24

Benefit of invest in Trust Fund Investment are follows EXCEPT

Accepted Answer

High risk

Answer

Good for medium-term (3 to 5 years) or long-term (more than 5 years)

Answer

Managed by Professional Fund Managers

Answer

Monitored by Bank Negara

Answer

Can invest with small capital

Question 25

What is the return on investment(ROI) for Puan Siti?

Accepted Answer

15%

Answer

5%

Answer

10%

Answer

20%

Question 26

Luxury Stocks (Blue Chip Stocks) are stock of large companies with track record of excellence business such as follows EXCEPT

Accepted Answer

Mini Market Ah Chong

Answer

MAYBANK

Answer

TNB

Answer

PETRONAS

Question 27

What is the definition of Capital Gains?

Accepted Answer

Additional or increased investment value from its original amount

Answer

High value of investment

Answer

High risk when doing investment

Answer

Original amount of investment

Question 28

Investment on _______ assets such as residential houses, shops, land and others are investment in real estate.

Accepted Answer

immovable

Answer

movable

Answer

estate

Answer

personal

Question 29

What are return for investing in real estate? (Land, Houses, Commercial lot)

Accepted Answer

Rental and capital gain

Answer

Rental only

Answer

Capital gain only

Question 30

What are the factors that needs to be considered in investment real estate?

I Economic situation

II Politics situation

III Types

IV Location

Accepted Answer

I, II and IV only

Answer

I and II only

Answer

II and III only

Answer

I, II and III only

Question 31

Return on investment is _________ of each ringgit invested by investor or ration of profit or loss derived from investment in terms of _________.

Accepted Answer

return, percentages

Answer

return, capital

Answer

profit, percentages

Answer

profit, capital

Question 32

The total rent collected throughout the possession of the shoplot is RM200 000.

Calculate the return on investment(ROI) obtained by Encik Yusuf.

Accepted Answer

76%

Answer

74%

Answer

75%

Answer

77%

Question 33

What are the return on investment for Encik Hussein for 20 years? Did he achieve his expectation to get return of 30%?

Accepted Answer

Yes. ROI for Encik Hussin is 48.33% (exceeds 30% that he expected)

Answer

Yes. ROI for Encik Hussin is 38.33% (exceeds 30% that he expected)

Answer

Yes. ROI for Encik Hussin is 58.33% (exceeds 30% that he expected)

Answer

Yes. ROI for Encik Hussin is 68.33% (exceeds 30% that he expected)

Question 34

Malaysia practices dual banking system. They are conventional banking system and Islamic banking system. Which one of the follows in TRUE about Islamic Banking System?

I Based on Islamic Law (Syarak)

II Risk is manage according to the aggreement

III Based on principle of justice, halal and profit-sharing with usury

IV Specify rate of return in early stage of savings

Accepted Answer

I and II only

Answer

II and III only

Answer

I, II and IV only

Answer

I, II and III only

Question 35

Question 35.

Accepted Answer

2.5%

Answer

250%

Answer

25%

Answer

0.25%

Question 36

These are the factors should be considered before making an investment EXCEPT

Accepted Answer

amount of investment

Answer

potential investment risk

Answer

the level of return

Answer

liquidity aspects

Question 37

Which one of the following type of investment that gives high risk level, high return level and moderate liquidity level?

Accepted Answer

Company shares

Answer

Savings

Answer

Fixed Deposits

Answer

Real estate

Answer

Unit Trust

Question 38

Puan Suraya bought 4000 units of share P at RM1.50 per unit last week. She bought 6000 units of the same share again this week at RM1.35 per unit. Calculate the average cost per share for her share P purchase.

Accepted Answer

RM1.41

Answer

RM1.40

Answer

RM1.32

Answer

RM1.21

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics