29. A mortgage is use for ___________________.

1. buying land or premises
2. buying a new machine
3. buying a vehicle
4. purchase insurance.

33. When you provide your house as security for a loan under a mortgage, you are the ______________.

1. mortgagee
2. chargee
3. chargor
4. assignor.

34. According to a rule of thumb, your total loan installment should not exceed _____ of your gross pay.

1. 10%
2. 20%
3. 40%
4. 50%

34. Lenders believe that you have a higher stake in repaying a loan if you make a ____________.

1. promise that you will pay off the loan
2. large down payment
3. written statement
4. None of the above.

33. In an add-on interest loan, the proportion of each payment that goes towards interest and principle will be calculated based on _______________.
    1. straight line method
    2. monthly rest
    3. simple interest
    4. sum of year digit method.

34. The least expensive loan would be __________.

1. monthly rest loan
2. yearly rest loan
3. add-on interest loan
4. discount loan.

35. In the 5Cs credit model, the factor that refers to your legal age is ____________.

1. Collateral
2. Capacity
3. Condition
4. Capital.

36. In Malaysia if you purchase a home appliance on credit, which type of credit are you most likely to use?
    1. Mortgage.
    2. Leasing.
    3. Hire purchase.
    4. Personal loan.

37. Which of the following is a reason to invest your money?

1. Investing can help you reach your long-term financial goals.
2. You will receive a lower rate of return than from a savings account.
3. When you invest, you earn a lot of money in a very short period of time.
4. There is no risk involved in investing in the stock market.