John made a bank deposit worth Php 10,000.

With 1% annual interest, how much is the future

value of his deposit after 4 years?
Select one:
a. Php 10,100
b. Php 10,400 Correct
c. Php 14,000
d. Php 11,000
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The correct answer is: Php 10,400
Comments

Which is a SMART goal?

Select one:
a. Within 2 years, Jenny-a senior high school student will buy the Malacanang Palace.
b. Within 3 years, Anna plans to buy a lot worth Php 1,000,000 by loaning in PgIBIG. Correct
c. After 200 years, Jenny plans to build a house worth Php 1,000,000 by loaning saving a part of
her salary.
d. To go to planet Mars tommorrow.
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The correct answer is: Within 3 years, Anna plans to buy a lot worth Php 1,000,000 by loaning in
PgIBIG.

Which describes a short term goal?

Select one:
a. To buy a house after 3 years
b. To graduate in college after 5 years
c. To buy a Php 1,000,000 worth car
d. To graduate in senior high school next year Correct
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The correct answer is: To graduate in senior high school next year
You need to have Php 100,000 after 4 years. Assuming that you will only deposit once with a
10% annual interest, how much will you deposit today?
Select one:
a. Php 71,428.57 Correct
b. Php 68,301
c. Php 22.727
d. Php 90,909
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The correct answer is: Php 71,428.57

Mr. John deposits a part of his salary to his cooperative account so that he will have funds for
future use. Which statement best depicts the situation?
Select one:
a. Start saving at young age Correct
b. Pay yourself first
c. Know your take home pay
d. Budget your money
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The correct answer is: Start saving at young age

Which type of investing vehicle does not involve an intermediary financial institution?
Select one:
a. Real estate Correct
b. Bank deposits
c. Mutual funds
d. Insurance
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The correct answer is: Real estate

What is the amount of annuity of Php 1,500 payable at the end of every year for 4 years if
interest rate is 10%?
Select one:
a. Php 1,575
b. Php 8,468
c. Php 7,862
d. Php 6,962 Correct
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The correct answer is: Php 6,962
Comments

This is a form of fraudulent investment operation where the individual or organization operator
pays returns to its investors from new capital paid to the operators by new investors recruited.
Select one:
a. Prime Bank
b. Ponzi scheme Correct
c. Offshore Investing Scheme
d. Pump and dump
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The correct answer is: Ponzi scheme

Which statement is correct?

Select one:
a. All insurances are scams
b. It is advisable to have insurance in high value economic activities Correct
c. All investments are scams
d. Insurances can't help you recover in case of losses
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The correct answer is: It is advisable to have insurance in high value economic activities

What is the present value of annuity of Php 1,500 payable at the end of every year for 4 years, if
interest rate of money is worth 10%?
Select one:
a. Php 7,500
b. Php 4,875
c. Php 6,984
d. Php 4,755 Correct
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The correct answer is: Php 4,755

Ranni love to watch a movies. He decided to buy a television set so that she can watch movies
every day. The statement best describes
Select one:
a. Intermediate goal
b. Long-term goal
c. Durable-product goals Correct
d. Consumable-product goals
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The correct answer is: Durable-product goals

Which describes an intermediate term goal?

Select one:
a. To buy a Php 1,000,000 worth car
b. To graduate in college after 6 years
c. To buy a house after 3 years Correct
d. To graduate in senior high school next year
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The correct answer is: To buy a house after 3 years

Which describes a long-term term goal?

Select one:
a. To graduate in college after 6 years Correct
b. To buy a Php1,000,000 worth car within 4 years
c. To buy a house after 3 years
d. To graduate in senior high school next year
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The correct answer is: To graduate in college after 6 years

You need to have Php 51,000 after 3 years. Assuming that you will only deposit once with a 5%
annual interest, how much will you deposit today?
Select one:
a. Php 16,190
b. Php 44,348 Correct
c. Php 48,571
d. Php 44,056
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The correct answer is: Php 44,348
Jen made a bank deposit worth Php 15,000. With 2% annual interest, how much is the future
value of his deposit after 5 years?
Select one:
a. Php 18,500
b. Php 16,500 Correct
c. Php 25,000
d. Php 15,500
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The correct answer is: Php 16,500

Jen made a bank deposit worth Php 15,000. With 0.9% annual interest, how much is the future
value of his deposit after 5 years?
Select one:
a. Php 13,500
b. Php 15,675 Correct
c. Php 28,500
d. Php 21,750
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The correct answer is: Php 15,675

John made a bank deposit worth Php 10,000. With 1% annual interest, how much is the total
interest after 4 years?
Select one:
a. Php 4,000
b. Php 1,000
c. Php 100
d. Php 400 Correct
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The correct answer is: Php 400

This is a type of investment which consists of money placed into a banking institution.
Select one:
a. Real estate
b. Bank deposits Correct
c. Insurance
d. Bonds
Feedback
The correct answer is: Bank deposits

This is the principle that potential return rises with an increase in risk.
Select one:
a. Financial probability
b. Risk-return tradeoff Correct
c. Time value of money
d. Returning risk principle
Feedback
The correct answer is: Risk-return tradeoff

Ranni plans to watch a movie in the cinema this week-end. The statement best describes
Select one:
a. Consumable-product goals Correct
b. Long-term goal
c. Durable-product goals
d. Intermediate goal
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The correct answer is: Consumable-product goals

These are properties such as land and the buildings as well as the attached land improvements
and natural resources
Select one:
a. Insurance
b. Mutual funds
c. Bonds
d. Real estate Correct
Feedback
The correct answer is: Real estate

This is a means of protection from financial loss

Select one:
a. Bonds
b. Insurance Correct
c. Bank deposits
d. Real estate
Feedback
The correct answer is: Insurance

Ben aims to buy a house for his family so he plans to loan in a bank and save a part of his salary.
The statement best describes
Select one:
a. Consumable-product goals
b. Intermediate goal
c. Long-term goal
d. Durable-product goals Correct
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The correct answer is: Durable-product goals

Which is an example of an investment scam

Select one:
a. Prime bank Correct
b. Bonds
c. Bank deposits
d. Commercial bank

This is a collection of investments from one or more categories

Select one:
a. Mutual funds Correct
b. Insurance
c. Bonds
d. Real estate
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The correct answer is: Mutual funds

Which statement is correct?

Select one:
a. It is unimportant know exactly what your goals are so you can create a plan designed to
achieve those objectives.
b. Action-oriented goals provide the basis for the personal financial activities you will undertake.
Correct
c. Time-based goals indicate a time frame for achieving the goal, such as three years. This
disallows you to measure your progress toward your financial goals.
d. Smart goals are useless
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The correct answer is: Action-oriented goals provide the basis for the personal financial activities
you will undertake.

Which is a SMART goal?

Select one:
a. Ken plans to buy a cell phone worth Php 2,000. He plans to buy it after two month by saving a
part of his daily allowance. Correct
b. Within 2 years, Jenny-a senior high school student will buy the Malacanang Palace.
c. To buy a Php 1,000,000 worth car
d. To buy a car within 10 months
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The correct answer is: Ken plans to buy a cell phone worth Php 2,000. He plans to buy it after
two month by saving a part of his daily allowance.

In this type of investment, you can invest in stocks, bonds, cash or other assets
Select one:
a. Mutual funds Correct
b. Bonds
c. Insurance
d. Real estate
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The correct answer is: Mutual funds
Jen aims to buy a chocolate cake for her birthday so she saves every day. The statement best
describes
Select one:
a. Durable-product goals
b. Consumable-product goals Correct
c. Intermediate goal
d. Long-term goal
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The correct answer is: Consumable-product goals

This is a type of security that signifies ownership in a corporation and represents a claim on part
of the corporation's assets and earnings.
Select one:
a. Insurance
b. Bonds
c. Real estate
d. Stocks Correct
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The correct answer is: Stocks