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Questionnaires Survey Financial Literacy Personal Financial Management Practices Amongst Working Adults in Klang Valley Malaysia
Questionnaires Survey Financial Literacy Personal Financial Management Practices Amongst Working Adults in Klang Valley Malaysia
UEL Royal Docks Business School, University of East London Date : _______
The objective of this research is to study individual financial literacy level and their personal
financial management practices amongst working adults in Klang Valley in line with Malaysia’s
concern over the high debt levels, increasing bankruptcy rate and low savings rate. This
research paper is therefore aimed to:
The research findings will help in understanding the current financial literacy amongst working
adults in Malaysia in addition to ascertaining if there is any relationship between financial
literacy level and personal financial management practices amongst individuals. Such
awareness of the literacy level will provide a better understanding of the issues and challenges
to help facilitate or improvise on current and future educational programs. The findings may also
highlight gaps useful for policy makers related to the personal financial planning industry.
Your prompt reply is highly appreciated. I would be grateful if you can return this questionnaire
to me latest by 15 September 2013 either by email or I will come to collect them from you
personally.
Please do not hesitate to get in touch with me in the event you require further clarification in
completing the survey.
Thank you for your support and valuable time to participate in this survey.
Yours sincerely,
Sydney Wong
Email: sydney-wong@hotmail.com
INSTRUCTIONS
UEL Royal Docks Business School, University of East London
1. What is your knowledge level of personal finance? Mark only one (X)
Very knowledgeable
Somewhat knowledgeable
Not very
Not knowledgeable at all
2. Rank your most influential to the least influential sources of financial education in making
financial decisions. Rank 1 (being the most influential) to 5 (being the least influential).
Parents
College / university
Friends / colleagues
Personal readings / seminars / workshops / classes
Personal experience
2
UEL Royal Docks Business School, University of East London
3. Assume you’re in your early twenties and you would like to build up your nest egg for a
secure retirement in 30 years. Which of the following approaches would best meet your
needs?
4. On compound Interest :
Suppose you have RM100 in a savings account and the interest rate was 2% per year. After
5 years, how much do you think you would have in the account if you left the money to
grow?
5. On inflation :
Imagine that the interest rate on your savings account was 1% per year and inflation was
2% per year. After 1 year, would you be able to
6. On risk diversification :
When an investor spreads his money among different assets, the risk of losing money:
Increase
Decrease
Stay the same
My friend
His sibling
They are equally rich
Savings account
3
UEL Royal Docks Business School, University of East London
Bonds
Stocks
Most of the
1 Always 2 3 Sometime 4 Seldom 5 Never
time
4
UEL Royal Docks Business School, University of East London
1. Age
2. Gender
Male Female
3. Race
4. Marital status
6. Education
Education level
Degree /
Certificate /
Secondary Professional Masters Doctorate
Diploma
qualifications
Academic discipline
5
UEL Royal Docks Business School, University of East London
Please ensure all questions are answered to ensure validly of this survey.
~Thank you for participating ~