Consumer Mathematics

Which of the following is a common way of saving in a bank?

• shares

• unit trust

• fixed deposit

• real estate

Which of the following has the highest risk?

• opening a savings account in the bank

• buying a house

• opening a current account in the bank

• buying shares

The account holder can save any amount according to his or her ability and receives interest based on the total amount and duration.

• savings account

• fixed deposit account

• current account

• unit trust account

Tags

CCSS.5.NBT.A.2

"A sum of money is saved for a certain period of time and cannot be withdrawn before the maturity date." This statement refers to

• savings account

• fixed deposit account

• current account

• unit trust account

Which of the following is not a characteristic of current account?

• can make payments using cheque

• subjected to service charges

• low interest rate

• can enjoy an overdraft facility

"Controlled by a company that is managed by a qualified professional manager in the field of investment." This statement refers to?

• fixed deposit

• shares

• savings

• unit trust

Interest that is calculated based on the principal for a certain period of time.

• simple interest

• compound interest

• combined interest

• consumer interest

Tags

CCSS.7.RP.A.3

Interest that is calculated based on the original principal and also the accumulated interest from the previous period of savings.

• simple interest

• compound interest

• combined interest

• consumer interest

Return value of each ringgit invested by the investor.

• interest

• liquidity

• return on interest

• return on investment

Tags

CCSS.7.RP.A.3

Which of the following has very low liquidity?

• real estate

• shares

• savings account

• fixed deposit account