Question 3 Lai Wei, age 22, is living in Kuala Lumpur. He just started her work at Sesemut Sdn Bhd. and is receiving a salary of RM33,000 per annum. He pays car loan instalment of RM700 a month, RM300 rental and approximately RM500 a month on other expenses. His monthly credit card payment is RM200. Lai Wei has just inherited RM5,000 from her late father. She plans to create an emergency saving account and is considering getting an insurance policy for herself. He has started shopping around for accounts to hold hia liquid assets. He would like to earn the highest rate possible. He plans to open two accounts: one is for paying monthly bills and another for short-term saving. Based on the above information, you are required to answer the following questions. Should Lai Wei get health insurance for himself? If so, what type of policy would you recommend for him, explain your choice. (4.5 Marks) a. b. C. Identify any TWO (2) types of unpredictable risk Lai Wei might face. You are required to provide an example of each type of risk identified. (4 Marks) In your opinion, Lai Wei has enough liquidity to meet emergencies. Use current ratio analysis to measure her liquidity and explain your answer. (4 Marks) TOTAL: 12.5 MARKS

Lai Wei, age 22, is living in Kuala Lumpur. He just started her work at Sesemut Sdn Bhd. and is receiving a salary of RM33,000 per annum. He pays car loan instalment of RM700 a month, RM300 rental and approximately RM500 a month on other expenses. His monthly credit card payment is RM200. Lai Wei has just inherited RM5,000 from her late father. She plans to create an emergency saving account and is considering getting an insurance policy for herself. He has started shopping around for accounts to hold hia liquid assets. He would like to earn the highest rate possible. He plans to open two accounts: one is for paying monthly bills and another for short-term saving. Based on the above information, you are required to answer the following questions. a. Should Lai Wei get health insurance for himself? If so, what type of policy would you recommend for him, explain your choice. (4.5 Marks) b. Identify any TWO (2) types of unpredictable risk Lai Wei might face. You are required to provide an example of each type of risk identified. (4 Marks) c. In your opinion, Lai Wei has enough liquidity to meet emergencies. Use current ratio analysis to measure her liquidity and explain your answer. (4 Marks)