John made a bank deposit worth Php 10,000. With 1% annual interest, how much is the future
value of his deposit after 4 years?
Select one:
a. Php 10,100
b. Php 10,400 Correct
c. Php 14,000
d. Php 11,000
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The correct answer is: Php 10,400
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Which is a SMART goal?
Select one:
a. Within 2 years, Jenny-a senior high school student will buy the Malacanang Palace.
b. Within 3 years, Anna plans to buy a lot worth Php 1,000,000 by loaning in PgIBIG. Correct
c. After 200 years, Jenny plans to build a house worth Php 1,000,000 by loaning saving a part of
her salary.
d. To go to planet Mars
M ars tommorrow.
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The correct answer is: Within 3 years, Anna plans to buy a lot worth Php 1,000,000 by loaning in
PgIBIG.
Which describes a short term goal?
Select one:
a. To buy a house after 3 years
b. To graduate in college after 5 years
c. To buy a Php 1,000,000 worth car
d. To graduate in senior high school next year Correct
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The correct answer is: To graduate in senior hi gh school next year
You need to have Php 100,000 after 4 years. Assuming that you will only deposit once with a
10% annual interest, how much will you deposit today?
Select one:
a. Php 71,428.57 Correct
b. Php 68,301
c. Php 22.727
d. Php 90,909
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The correct answer is: Php 71,428.57
Mr. John deposits a part of his salary to his cooperative account so that he will have funds for
future use. Which statement best depicts the situation?
Select one:
a. Start saving at young age Correct
b. Pay yourself first
c. Know your take home pay
d. Budget your money
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The correct answer is: Start saving at young age
Which type of investing vehicle does not involve an intermediary financial institution?
Select one:
a. Real estate Correct
b. Bank deposits
c. Mutual funds
d. Insurance
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The correct answer is: Real estate
What is the amount of annuity of Php 1,500 payable at the end of every year for 4 years if
interest rate is 10%?
Select one:
a. Php 1,575
b. Php 8,468
c. Php 7,862
d. Php 6,962 Correct
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The correct answer is: Php 6,962
Comments
This is a form of fraudulent investment operation where the individual or organization operator
pays returns to its investors from new capital paid to the operators by new investors recruited.
Select one:
a. Prime Bank
b. Ponzi scheme Correct
c. Offshore Investing Scheme
d. Pump and dump
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The correct answer is: Ponzi scheme
Which statement is correct?
Select one:
a. All insurances are scams
b. It is advisable to have insurance in high value economic activities Correct
c. All investments are scams
d. Insurances can't help you recover in case of losses
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The correct answer is: It is advisable to have insurance in high value economic activities
What is the present value of annuity of Php 1,500 payable at the end of every year for 4 years, if
interest rate of money is worth 10%?
Select one:
a. Php 7,500
b. Php 4,875
c. Php 6,984
d. Php 4,755 Correct
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The correct answer is: Php 4,755
Ranni love to watch a movies. He decided to buy a television set so that she can watch movies
every day. The statement best describes
Select one:
a. Intermediate goal
b. Long-term goal
c. Durable-product goals Correct
d. Consumable-product goals
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The correct answer is: Durable-product goals
Which describes an intermediate term goal?
Select one:
a. To buy a Php 1,000,000 worth car
b. To graduate in college after 6 years
c. To buy a house after 3 years Correct
d. To graduate in senior high school next year
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The correct answer is: To buy a house after 3 years
Which describes a long-term term goal?
Select one:
a. To graduate in college after 6 years Correct
b. To buy a Php1,000,000 worth car within 4 years
c. To buy a house after 3 years
d. To graduate in senior high school next year
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The correct answer is: To graduate in colle ge after 6 years
You need to have Php 51,000 after 3 years. Assuming that you will only deposit once with a 5%
annual interest, how much will you deposit today?
Select one:
a. Php 16,190
b. Php 44,348 Correct
c. Php 48,571
d. Php 44,056
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The correct answer is: Php 44,348
Jen aims to buy a chocolate cake for her birthday so she saves every day. The statement best
describes
Select one:
a. Durable-product goals
b. Consumable-product goals Correct
c. Intermediate goal
d. Long-term goal
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The correct answer is: Consumable-product goals
This is a type of security that signifies ownership in a corporation and represents a claim on part
of the corporation's assets and earnings.
Select one:
a. Insurance
b. Bonds
c. Real estate
d. Stocks Correct
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The correct answer is: Stocks