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Freestyle

Basic Financial Literacy

Ralyn Vinta

11

5 na tanong

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Pampublikong quiz

# 1Multiple Choice
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
# 2Multiple Choice
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
# 3Multiple Choice
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
# 4Multiple Choice
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
# 5Multiple Choice
What should you consider when reviewing an investment portfolio?
Reflect on your current life stage and life events
Review your asset allocation and diversification
Consider current affairs and market trends that might affect your investments
All of the above
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