(a) As the price of a property is not a part of the OC of home ownership, a continuous depreciation a property price will not affect the annual cost of home ownership.

(b) When the rate of inflation increases, it is harder to meet our long term financial goals, such as retirement.

(c) Saving may be regarded as an expense.

(d) Carrie purchased new furniture for $10,000. She put $1,000 down and financed $9,000. She will pay $350 per month until the loan is paid off. The furniture should be recorded as a $1,000 expenditure on her personal balance sheet.

(e) Both interest due and the outstanding balance of a mortgage loan will be recorded as liability on a personal balance sheet.

(f) Investment should be at the top priority among all the financial planning activities for young people.

(g) In Hong Kong, commercial banks are insured by the Deposit Protection Scheme for eliminating the loss of depositors as it can reduce the risk of having bank run due to the spread of rumors.

Please answer the above statement whether it is true or false, and with explanation, thanks