JUST THE FINAL ANSWER

6. You have an outstanding balance of RM5,000 on a loan. You did not service the payment and after nine years the settlement amount was RM10,000. What was the interest rate on the loan? A. 8 percent per annum B. 10 percent per annum C. 12 percent per annum D. Need more information to determine the rate. 7. Which is the best form of collateral to banks? A. Real property. B. Public listed shares. C. Unit trust account D. Fixed deposit certificate. 8. What does a balance sheet tell you? A. Short term B. Long term C. what you own and how you have paid for it. D. Financial target 9. What is the most common use of a personal emergency fund? A. Expenses that occur without warning B. Expenses that are able to be predicted C. Expenses that are health related D. Expenses that are car related 10. Where should you keep your emergency fund? A. Bonds. B. Stocks. C. Saving account D. Unit trusts. 11. To help your emergency fund last longer, if you are out of work you should A. live as you normally would B. cut unnecessary spending (subscriptions, memberships etc.) C. delay the repayment of loans D. ask for repayment holidays from the bank