Savings and Investments

Which of the following allows account holders to withdraw money at any time?

• Fixed Deposit Account

• Savings Account

• Unit Trust

• Shares

What is a key characteristic of a Fixed Deposit Account?

• Money can be withdrawn at any time

• Interest rate is lower than savings account

• Money cannot be withdrawn before maturity

• Offers no certificate to account holders

Which type of account may be used for both personal and business purposes?

• Fixed Deposit Account

• Savings Account

• Current Account

• Unit Trust

What happens if you withdraw money from a fixed deposit account before its maturity?

• You are fined by the bank

• You receive a bonus

• You lose all your savings

• Interest is reduced and cancelled at a certain time

Which of the following is NOT a type of investment mentioned?

• Real Estate

• Shares

• Unit Trust

• Insurance

What is the main goal of investing in shares?

• Avoiding taxes

• Saving for emergencies

• Receiving dividends and capital gains

• Applying for loans

Who manages a unit trust fund?

• Shareholders

• The government

• A professional fund manager

• The account holder

What type of investor prefers high risk and quick returns?

• Moderate investor

• Conservative investor

• Aggressive investor

• Long-term investor

Which of the following are examples of real estate investments?

• Company shares

• Internet banking

• Residential houses and land

• Fixed deposits

Which of the following is true about investment returns?

• They only include capital gains

• They are fixed and guaranteed

• They include both current income and capital gains

• They can only come from savings accounts