lOMoARcPSD|14888335 1st TRY - 1st TRY Answer Key OED Ama BFIN Business finance (AMA Computer University) Studocu is not sponsored or endorsed by any college or university Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 Jen made a bank deposit worth Php 15,000. With 2% annual interest, how much is the future value of his deposit after 5 years? Select one: a. Php 25,000 b. Php 15,500 c. Php 18,500 d. Php 16,500 Question 2 Correct Mark 1.00 out of 1.00 Flag question Question text This is a means of protection from financial loss Select one: a. Real estate b. Bank deposits c. Bonds d. Insurance Question 3 Correct Mark 1.00 out of 1.00 Flag question Question text Which is a SMART goal? Select one: a. Within 2 years, Jenny-a senior high school student will buy the Malacanang Palace. Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 b. Within 3 years, Anna plans to buy a lot worth Php 1,000,000 by loaning in PgIBIG. c. To go to planet Mars tommorrow. d. After 200 years, Jenny plans to build a house worth Php 1,000,000 by loaning saving a part of her salary. Question 4 Incorrect Mark 0.00 out of 1.00 Flag question Question text Which describes a long-term term goal? Select one: a. To buy a house after 3 years X b. To graduate in college after 6 years TEST - CORRECT c. To buy a Php1,000,000 worth car within 4 years X d. To graduate in senior high school next year X Question 5 Correct Mark 1.00 out of 1.00 Flag question Question text Ranni plans to watch a movie in the cinema this week-end. The statement best describes Select one: a. Consumable-product goals b. Long-term goal c. Intermediate goal d. Durable-product goals Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 Question 6 Correct Mark 1.00 out of 1.00 Flag question Question text 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. Durable-product goals c. Long-term goal d. Consumable-product goals Question 7 Incorrect Mark 0.00 out of 1.00 Flag question Question text Which describes an intermediate term goal? Select one: a. To graduate in senior high school next year b. To buy a house after 3 years ETO TALAGA - CORRECT c. To graduate in college after 6 years X d. To buy a Php 1,000,000 worth car X Question 8 Correct Mark 1.00 out of 1.00 Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 Flag question Question text These are properties such as land and the buildings as well as the attached land improvements and natural resources Select one: a. Real estate b. Insurance c. Bonds d. Mutual funds Question 9 Correct Mark 1.00 out of 1.00 Flag question Question text This is a type of investment which consists of money placed into a banking institution. Select one: a. Real estate b. Insurance c. Bonds d. Bank deposits Question 10 Correct Mark 1.00 out of 1.00 Flag question Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 Question text Which describes a short term goal? Select one: a. To graduate in college after 5 years b. To buy a Php 1,000,000 worth car c. To graduate in senior high school next year d. To buy a house after 3 years Question 11 Correct Mark 1.00 out of 1.00 Flag question Question text 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 c. Intermediate goal d. Long-term goal Question 12 Correct Mark 1.00 out of 1.00 Flag question Question text In this type of investment, you can invest in stocks, bonds, cash or other assets Select one: Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 a. Real estate b. Insurance c. Bonds d. Mutual funds Question 13 Correct Mark 1.00 out of 1.00 Flag question Question text 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. Stocks c. Bonds d. Real estate Question 14 Correct Mark 1.00 out of 1.00 Flag question Question text Which is a SMART goal? Select one: a. To buy a Php 1,000,000 worth car b. Ken plans to buy a cell phone worth Php 2,000. He plans to buy it after two month by saving a part of his daily allowance. c. Within 2 years, Jenny-a senior high school student will buy the Malacanang Palace. Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 d. To buy a car within 10 months Question 15 Correct Mark 1.00 out of 1.00 Remove flag Question text Which type of investing vehicle does not involve an intermediary financial institution? Select one: a. Real estate b. Insurance c. Bank deposits d. Mutual funds Question 16 Correct Mark 1.00 out of 1.00 Flag question Question text John made a bank deposit worth Php 10,000. With 1% annual interest, how much is the total interest after 4 years? Select one: a. Php 1,000 b. Php 100 c. Php 4,000 d. Php 400 Question 17 Correct Mark 1.00 out of 1.00 Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 Flag question Question text Jen made a bank deposit worth Php 15,000. With 0.9% annual interest, how much is the future value of his deposit after 5 years? Select one: a. Php 28,500 b. Php 15,675 c. Php 13,500 d. Php 21,750 Question 18 Incorrect Mark 0.00 out of 1.00 Flag question Question text 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 90,909 X b. Php 71,428.57 PUTA c. Php 22.727 X d. Php 68,301 X Question 19 Incorrect Mark 0.00 out of 1.00 Remove flag Downloaded by Kevin Tadle (kevintadle1@gmail.com) lOMoARcPSD|14888335 Question text Ben aims to buy a house for his family so he plans to loan in a bank and save a part of his salary. The statement best describes Select one: a. Long-term goal X b. Durable-product goals c. Consumable-product goals X d. Intermediate goal X Question 20 Correct Mark 1.00 out of 1.00 Flag question Question text Which statement is correct? Select one: a. Smart goals are useless b. Action-oriented goals provide the basis for the personal financial activities you will undertake. c. It is unimportant know exactly what your goals are so you can create a plan designed to achieve those objectives. d. Time-based goals indicate a time frame for achieving the goal, such as three years. This disallows you to measure your progress toward your financial goals. Downloaded by Kevin Tadle (kevintadle1@gmail.com)
