What are the best source of borrowing? i. Personal loans ii. Family iii. Bank loans iv. Friends Select one: O A. I, ili and iv O B. i, ii and iii O C. i and ii O D. i, ii, iii and iv How an individual can take the less risky way to invest their money? Select one: O A. Ignore the risk B. Invest in fixed deposit C. Investing without researching O D. Changing objective Question 23 Not yet answered Marked out of 1.00 What is RIGHT about net worth? 1. Tracks Your Financial Progress ii. Focuses on More Than Just Income iii. Net worth is the amount by which assets exceed liabilities. iv. Liabilities are greater than your assets, you have a positive net worth Flag question Select one: O A. i, ii and iii O B. i and iv O C. ii and iii O D. ii, iii and iv Question 24 Why you should own land as a property? Not yet answered Marked out of 1.00 Select one: O A. Land investment is for fun. O B. Land can double in price in the future. Flag question O C. Land investors have a high competition. O D. Land investing is not a good opportunity. O D. Land investing is not a good opportunity. Question 25 The first step of the financial planning process is to.... Not yet answered Marked out of 1.00 P Flag question Select one: O A. analyze your current personal and financial situation O B. evaluate and revise your actions O C develop financial goals O D.create a financial plan of action Question 26 Below are the characteristics of financial scam, EXCEPT Not yet answered Marked out of 1.00 P Flag question Select one: O A. Promise high return with no risk. O B. Asked to provide confidential information O C. No limited period O D. Asked to deposit administration fees Question 27 Not yet answered What are a few ways to avoid some credit card fees once you have a credit card? 1. Pay your bill in full and on time every month. ii. Pay attention to all mail received from your credit card company. iii. Quickly and securely view transactions and make bill payments Marked out of 1.00 P Flag question Select one: O A. i and ii OB.i O ci, ii and iii O D. ii and iii Question 28 What is the best way to improve negative net worth? Not yet answered Marked out of 1.00 P Flag question Select one: O A. Improve value of car O B. Decrease Pay off debt O C. Buy more asset O D. Increase value of investments Question 29 Which is NOT true about personal financial statement? Not yet answered Marked out of 1.00 P Flag question Select one: A. Formal record of activity and position of business. O B. Is a type of document or spreadsheet? O C.Shows personal assets and liabilities. O D. Record taken from an interview. Question 30 Not yet answered Marked out of 1.00 What is the importance of preparing a spending plan? i. make long term goals a priority ii. large goals become more manageable iii. prepare for unexpected iv. increased peace of mind P Flag question Select one: O A. i, ii and iv O B. i, ii, iii and iv O c. i, iii and iv O D. , ii and ili Question 31 Which one is true about net worth? Hot yet answered Marked out of 1.00 Select one: O A. Net Worth = Asset + Liabilities Flag question O B. Net Worth = Liabilities - Asset O C. Asset = Liabilities + Net Worth O D. Net Worth = Asset - Liabilities Question 32 Not yet answered What Are The Signs You're in Financial Trouble? i. You have no emergency savings ii. You're only making the minimum monthly payments on your debt iii. You stopped saving for retirement Marked out of 1.00 P Flag question Select one: O A. i, ii and iii O B. ii only O C. i and it O D. il and iii Question 33 The importance of insurance is... Not yet answered Marked out of 1.00 Select one: O A. Having compensation for damages of personal belongings O B. Increase quality of life o stimulate sustainable growth of economy Flag question O D. All of the above Question 34 Not yet aniwered What is the steps for newly married couple to manage their finance? 1. Create join accounts. . Go for a honeymoon Iti. Retirement plan. Marked out of 1.00 Flag question iv. Enjoy the marriage life Select one: Ali and lv OB. , li and i O c. ii, iii and in D and i Question 35 Which issue will AKPK offer counselling? Not yet answered Select one Marked out of A Investment plan Type here to search Question 35 Which issue will AKPK offer counselling? ot yet answered Marked out of 1.00 Flag question Select one: O A. Investment plan O B. Debt repayment O C. Business Plan O D. Money management Question 36 Not yet answered Marked out of 1.00 How to do investment plan? I. Listing all your financial goals ii. Figure out how much you need to achieve every goal iii. Find out how much you need to invest to achieve those goals iv. You need to invest in safer avenues P Flag question Select one: O A. 1, li and ili O B. i, ii, iii & iv O D. i and iii reach the investment goal that you have set? 39 Which one is NOT belong to the formula of Time Value of Money? ed out of Select one: O A. Cash flow question OB. Number of Years. O C. Interest Rate O D. Present Value of Money. on 40 Which one is the correct steps in Financial Planning? ered ed out of ag question Select one: O A. Develop financial goal, Access current financial, develop plan action, implement plan, re-evaluate and revise plan O B. Access current financial , develop financial goals, develop plan action, re-evaluate and revise plan, Implement Plan O C. Access current financial, develop plan action develop financial goals, implement plan, re-evaluate and revise plan. O D. Access current financial, develop financial goals, develop plan action, Implement plan, re-evaluate and revise plan