SECTION B:TRUE FALSE QUESTION (20 marks 21. Current account is a fix deposit account that can be used for either personal or business purposes 22. Islamic banking prohibits riba, usury, trading in financial risk and lawful business ventures. 23. Avold using shared or public personal computers to conduct your internet banking transactions 24 PIDM's primary functions are to provide protection to bank depositors 25. Saving account allows you to deposit your money into an account and receive certain interest with certain stated maturity 26. It is suggested one should save at least 30% of your salary every month 27 Current Assets - Current liabilities - your net worth 28. The safest form of investment is investing your money in the stock market 29. Property will be increase in capital value over time 30. High return in a month with no risk is consider as financial scams 31. To achieve your life dreams and goals, you need to plan from non financial persepective 32 Money at present time is worth more than same amount of money in the future. 33. Saving for an emergency fund should be out of your financial goals 34. A personal balance sheet is not your financial scorecard 35. Investment return is fixed over the years due to economic and stock market conditions, 36. Personal loan has lower interest rate and does not required guarantor 37 Housing loon is a large financial commitment, one that will stretch over many years. 38 Credit card is inconvenient and inefficient 39. Principal sum of a loan is reduced each time an instalment is paid. 40 Being a guarantor will increase the possibilay of lability