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Basic Financial Literacy

Basic Financial Literacy

Ralyn Vinta
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Freestyle

Basic Financial Literacy

Ralyn Vinta

11

5 na tanong

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Pampublikong quiz

# 1
Which of the following are good money management habits?
Spend within my means
Keep track of my spending
Set up automatic transfers to a separate savings account
All of the above
# 2
The Basic Financial Planning Guide recommends that __________ should be set aside as emergency funds (liquid savings for emergencies).
Less than 1 month of expenses
1 to less than 3 months of expenses
3 to 6 months of expenses
Not sure
# 3
Suppose you have $500, and the inflation rate is 4 percent. In 5 years, you will be able to buy:
Less than what you would be able to buy today with $500
More than what you would be able to buy today with $500
Same amount as what you would be able to buy today with $500
# 4
Suppose you have an investment of $100 that earns compound interest of 10% per annum. In 2 years, the total investment value will be:
$120
$121
$130
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