Professional Documents
Culture Documents
PART A
SA1
Ali holds a credit card which bear an interest rate of 15% and compounded every month. Ali
has been spending at a maximum limit of rm8000 in the first possession of the card. If Ali did
not make any payment, what is his due after 6 months?
A RM 8000.10
B RM 8100.00
C RM 8619.07
D RM 9200.00
SA2
Among the following, which the advantages of using a credit card?
A Rewards in the form of
cash rebate
B Spending outside the
ability
C Can be used on any
payment counter
D Users can make a
refund easily
SA3
Siti receive credit card statements for the month of May. The statement pointed out that siti
just made RM1500 of one transaction. She just make the minimum payment at 75 in the
interest-free period. Given that the finance charge is 18% per annum for transaction 20 days
and for the outstanding balance of 25 days. Late payment charge is at least RM10 or 1% of
the outstanding balance. Calculate the total now at June statement.
A RM 1457.36
B RM 1456.62
C RM 1458.19
D RM 1425.00
SA4
Of the following, which advantages the use of credit cards?
I Provide interest free payback
II Taxable interest and charges
III Easy to use for purchases without cash
IV Easy terbelanja
A I and II
B III and IV
C I and III
D I and IV
Sa5
Mrs. Sadat made a personal loan of 50 000 from the Bank A, with an interest rate of 5% per
annum. The repayment period is for 10 years. How much is to be paid by Mrs. Josephine
A. 625
B. 635
C. 645
D. 655
SA6
Of the following, which is not the advantages of the use of the credit card
I) Give interest free payback service
II) Taxable interest and charges
III) Easy to use for purchases without cash
IV) Easy shopping
A. II and III
B. II and IV
C. I and III
D. I and IV
SA7
Below is the debt management smart except
A Pay bills automatically
B Make a personal budget
C Borrow berlebih-surplus
D Start the savings
SA8
Mr. Ahmad has made loans with the Bank A total of 50000. The Bank has imposed annual
interest of 6%. The loan period with bank A is Ahmad 4 years. Calculate the instalments
payable by Ahmad to the Bank A.
A RM 1291.67
B RM 1921.76
C RM 1219.67
D RM 1912.67
SA9
Of the following is the method of credit management and debt wise except
A Users must pay credit card debt within a period determined by the bank to enjoy
interest free period
C The minimum amount is paid by the credit card holder to provide opportunity
for banks to charge late payment charge applies
D Saving
SA10
Which of the following debts?
A personal loan
B real estate
C shares
SA11
Among the following, which loan do not have equal benefits.
A. Consumer Loan
B. Housing loans
C. Vehicle loans
D. Personal loan
SA12
Calculate the amount of the monthly instalments payable by Mr. Amin if he made a personal loan of
60 000 with interest rate of 3.5% per annum for 10 years.
A. RM 810
B. RM 715
C. RM 675
D. RM 425
Sa13
Figure below shows the selling price and downpayment a motorcycle
RM 3540
Downpayment RM 300
Interest Rate 4%
Based on the above statement, the amount of the instalments should pay
A RM 8000
B RM 6000
C RM7000
D RM 5000
PART B
SB1
Mark (/) to a statement showing the credit management and debt wise
Statement Mark
(i) Haida always late making payments so that he has more money
to spend.
(ii) A'ishah mode auto debit to pay bills abstention.
(iii) Syafiqah make budget each month so as not to terbelanja.
(iv Ahmad pay his car instalments immediately so that is not the
) case an extension.
SB2
Classify the following statement according to the advantages and disadvantages of the use
of the credit card
No need to carry a lot of cash
Expenses with excessive
Method of payment convenient and efficient
Charges such as annual fees, finance charges, cash advance interest
charges and late payment charges
Answer:
SB3
circle "true" for the correct statement about credit and debt and
"FALSE" if not.
Statement
(a) Fatimah repay his personal loans. He has to cover the
TRUE/FALSE
debt.
(b) Johari got the loan from the bank. He owes to the bank. TRUE/FALSE
(c) Zairol make repayments on the loan of his car. He has to TRUE/FALSE
settle its debts.
(d) Kelvin get loans from the bank. He has received credit. TRUE/FALSE
SB4
Select and match the following statement on the management of credit and debt wisely.
SB5
Circle the correct expression for TRUE and FALSE otherwise
1. Ramli get a car loan from the bank. He did not owe
the bank.
2. Sally made learning back on housing loans. He
completed the debt
3. Akmal got a loan from the bank. He did not receive
credit
4. Zainab repay a personal loan. He's already repay
the loan