Marry wants to buy 10 pcs of bond papers for her art class.

The statement best describes

Select one:

a.
Consumable-product goals

b.
Long-term goal

c.
Durable-product goals

d.
Intermediate goal

Question 2
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How much will an ordinary annuity of Php 650 per year be worth in eight years at an annual
interest rate of 6 percent?
Select one:

a.
Php 6,433.38

b.
Php 6,897.76

c.
Php 7,021.80

d.
Php 8,975.38

Question 3
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Question text
"Statement I. The risk-return tradeoff is the principle that potential return rises with an increase
in risk. 
 Statement II. Time value of money deals with future value and present value."
Select one:

a.
Statement I is False; Statement II is True

b.
Both Statements are False

c.
Both Statements are True

d.
Statement I is true; Statement II is false

Question 4
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Armi deposits Php 4,500 at the beginning of each month (12 times a year) in a fund that serves at
24% compounded monthly. How much is the fund at the end of 3 years?
Select one:

a.
Php 283,654.15

b.
None of these
c.
Php 384,654.15

d.
Php 48,571

Question 5
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If you require a 9 percent annual return on your investments, you would prefer Php15,000 five
years from today rather than an ordinary annuity of Php 1,000 per year for 15 years.
Select one:

a.
May be true and may be false

b.
Cannot be determined

c.
False

d.
True

Question 6
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The fruit trees attached on a farm is considered as
Select one:
a.
Insurance

b.
Product

c.
Stocks

d.
Real estate

Question 7
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What will a deposit of Php 4,500 at 12% compounded monthly (12 times a year) be worth at the
end of 10 years?
Select one:

a.
Php 14,304.80

b.
Php 13,997.40

c.
Php 14,851.80

d.
None of these

Question 8
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"Statement I. According to our lesson, before committing to significant expenditures, estimate
how much income is likely to be available for you.
 Statement II. Two factors commonly influence your financial aspirations for the future. The first
is the time frame in which you would like to achieve your goals. The second is the type of
financial need that drives your goals. "
Select one:

a.
Statement I is False; Statement II is True

b.
Both Statements are True

c.
Both Statements are False

d.
Statement I is true; Statement II is false

Question 9
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These product goals usually involve infrequently purchased, expensive items such as appliances,
cars, and sporting equipment; these consist of tangible items.
Select one:

a.
None of these

b.
Specific Product Goald

c.
Consumable-product goals

d.
Durable-product goals

Question 10
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Jen made a bank deposit worth Php 15,000. With 9% annual interest, how much is the future
value of his deposit after 5 years?
Select one:

a.
Php 28,500

b.
Php 13,500

c.
Php 21,750

d.
Php 15,675

Question 11
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"Statement I. An investment is an asset or item that is acquired with the expectation that it will
generate interest, income or appreciate its value in the future. 
Statement II. A bond 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.
Statement I is False; Statement II is True

b.
Both Statements are True

c.
Statement I is true; Statement II is false

d.
Both Statements are False

Question 12
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John has a highly dangerous job. He pays premiums every month by depositing the money to the
bank account of the engaged company. He does this so that he will have remuneration in case he
will be suffering from an accident. John is investing on
Select one:

a.
Insurance

b.
Mutual funds

c.
Bank deposits

d.
Bonds
Question 13
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What is the present value of annuity due of Php 2,500 payable at the beginning of every year for
4 years, if interest rate is 10%?
Select one:

a.
Php 8,717.13

b.
Php 14,304.80

c.
Php 9,909.25

d.
None of these

Question 14
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This is a collection of investments from one or more categories.
Select one:

a.
Bank deposit

b.
Bonds
c.
Mutual fund

d.
Real estate

Question 15
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A senior high school student deposits a part of his salary to his bank account so that he will have
funds for future use. Which statement best depicts the situation?
Select one:

a.
Know your take home pay

b.
Start saving at young age

c.
Pay yourself first

d.
Budget your money

Question 16
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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.
Bank deposit

b.
Real estate

c.
Bonds

d.
Insurance

Question 17
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What annual interest rate would you need in order to have an ordinary annuity of Php7,500 per
year accumulate to Php 279,600 in 15 years?
Select one:

a.
12%

b.
16%

c.
None of these

d.
14%

Question 18
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 Flag question

Question text
Marrie pays monthly premiums to a company with the agreement that Marrie will be
imdemnified in case her house gets damaged because of a natural disaster or it gets burned due to
an unwanted accident. This is a type of
Select one:

a.
Insurance

b.
Bank deposit

c.
Bonds

d.
Real estate

Question 19
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Question text
"Statement I. A SMART financial goal need not be action-oriented
Statement II. A SMART financial goal must be timely"
Select one:

a.
Statement I is true; Statement II is false

b.
Both Statements are True
c.
Both Statements are False

d.
Statement I is False; Statement II is True

Question 20
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Which is not a basic principle of personal finance
Select one:

a.
Know your take home pay

b.
Don't borrow what you can't repay

c.
Start saving at young age

d.
Expend everything you have because you have lots of money

Question 21
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Which goal is action oriented?
Select one:

a.
To buy a Php 1,000,000 worth car

b.
To buy a television set by saving a part of my salary.

c.
To buy a car within 10 months

d.
To buy a television set

Question 22
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Question text
Ben is a senior high school student. Which of his goals is realistic?
Select one:

a.
To be the president of Africa after a year

b.
To travel throughout space and live in Mars

c.
To top the final exam

d.
To buy all the candies in the world

Question 23
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 Question text
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.
Pump and dump

b.
Ponzi scheme

c.
Prime bank

d.
Offshore Investing Scheme

Question 24
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This is a type of investment which consists of money placed into a banking institution.
Select one:

a.
Bank deposit

b.
Real estate

c.
Bonds

d.
Insurance

Question 25
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This is the management of money and financial decisions for a person or family including
budgeting, investments, retirement planning and investments
Select one:

a.
Personal Finance

b.
None of these

c.
Business finance

d.
Corporate Finance

Question 26
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What will a deposit of Php 4,500 at 7% compounded annual interest be worth if left in the bank
for nine years?
Select one:

a.
Php 8,385.78

b.
Php 8,279.23
c.
Php 8,273.25

d.
None of these

Question 27
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Question text
Scammers mislead investors by suggesting that big financially sound institutions participate in
their programs, when in fact such connections do not exist.
Select one:

a.
Ponzi scheme

b.
Pump and dump

c.
Offshore Investing Scheme

d.
Prime bank

Question 28
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Question text
"Statement I. Ordinary annuity means that periodic payments are made at the end of each
payment interval while nnuity due means that periodic payments are made at the beginning of
each payment interval.
Statement II. Fixed capital are funds used for its day-to-day operations"
Select one:

a.
Statement I is true; Statement II is false

b.
Both Statements are False

c.
Both Statements are True

d.
Statement I is False; Statement II is True

Question 29
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Question text
Jenny decided to buy a lot to be used in the future for her planned business. She invested in
Select one:

a.
Bonds

b.
Bank deposit

c.
Real estate

d.
Insurance

Question 30
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 Flag question

Question text
Garry plans to buy a calculator to aid him in his math class. The statement best describes
Select one:

a.
Consumable-product goals

b.
Long-term goal

c.
Intermediate goal

d.
Durable-product goals

Question 31
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Question text
Which of the following is not needed in solving for annuity
Select one:

a.
Periodic payment at the end of every period

b.
Interest rate

c.
Number of times the interest is compounded per year
d.
Principal

Question 32
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Question text
Which is not a principle of personal finance?
Select one:

a.
Start saving an old age

b.
Know your take home pay

c.
Budget your money

d.
Pay yourself first

Question 33
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What will a deposit of Php 4,500 at 10% compounded semiannually be worth if left in the bank
for six years?
Select one:

a.
Php 8,181.55
b.
Php 7,959.55

c.
Php 8,081.55

d.
None of these

Question 34
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Which is a SMART goal?
Select one:

a.
To graduate with the distinction - cum laude

b.
Marry wants to buy 10 pcs of bond papers for her art class.

c.
Chen plans to buy a new bag worth Php2,000. He plans to buy it after two month by saving a
part of his daily allowance.

d.
Franz aims to go to Disneyland.

Question 35
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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 44,348

b.
Php 44,056

c.
Php 48,571

d.
Php 16,190

Question 36
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Which is not included in SMART goal-setting guidelines
Select one:

a.
Measurable

b.
Specific

c.
Timely

d.
Reaction-Oriented

Question 37
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 Flag question

Question text
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.
Stock

c.
Real estate

d.
Mutual funds

Question 38
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Question text
"Statement I. Long-term goals should be planned in coordination with short-term and
intermediate ones 
Statement II. Setting and achieving short-term goals is the basis for achieving long-term goals. "
Select one:

a.
Both Statements are False

b.
Statement I is False; Statement II is True
c.
Both Statements are True

d.
Statement I is true; Statement II is false

Question 39
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Question text
How much will an ordinary annuity of Php 650 per year be worth in eight years at an annual
interest rate of 8 percent?
Select one:

a.
Php 4,800.27

b.
Php 6,366.10

c.
Php 6,433.38

d.
Php 6,913.79

Question 40
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Question text
"Statement I. Short-term goals have a time frame from one to five years. 
Statement II. intermediate goals involve financial plans that are more than five years off, such as
retirement, money for children's college education, or the purchase of a vacation home"
Select one:

a.
Statement I is true; Statement II is false

b.
Both Statements are True

c.
Both Statements are False

d.
Statement I is False; Statement II is True

Question 41
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Question text
Jen is a senior high school student. Which of her goals is realistic?
Select one:

a.
To travel around the world without riding any vehicle

b.
To buy all the dress in the Philippines

c.
To save money for 200 years

d.
To graduate with the distinction - cum laude

Question 42
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 Flag question

Question text
Which is not a basic principle of personal finance
Select one:

a.
Budget your money

b.
Don't borrow what you can't repay

c.
Low returns means high risks

d.
Map your financial future

Question 43
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Question text
"Statement I. A return is the variability of returns from those that are expected. 
Statement II. The time value of money is the idea that money available at the present time has
the same worth in the future due to its potential earning capacity"
Select one:

a.
Both Statements are True

b.
Statement I is true; Statement II is false

c.
Both Statements are False

d.
Statement I is False; Statement II is True

Question 44
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Which is not a principle of personal finance?
Select one:

a.
Purchase insurance to avoid being wiped out by a financial loss, such as an illness or accident.

b.
Obtain rate information from multiple financial services firms to get the best value for your
money

c.
Be an irresponsible borrower who repays as promised, showing you are worthy of getting credit
in the future.

d.
An annual budget to identify expected income and expenses, including savings, will help you
live within your income.

Question 45
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Jennie, the owner of Hawaii Resort used her money to put up an additional cottage. Jennie
invested in
Select one:

a.
Real estate

b.
Product

c.
Stocks

d.
Insurance

Question 46
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Question text
John made a bank deposit worth Php 10,000. With 0.1% annual interest, how much is the future
value of his deposit after 4 years?
Select one:

a.
Php 10,040

b.
Php 10,400

c.
Php 11,000

d.
Php 14,000

Question 47
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 Flag question

Question text
Which is not a principle of personal finance?
Select one:

a.
Map your financial future

b.
Stay insured

c.
Budget your money

d.
Borrow what you can't repay

Question 48
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Question text
Jen made a bank deposit worth Php 15,000. With 20% annual interest, how much is the future
value of his deposit after 5 years?
Select one:

a.
Php 25,000

b.
Php 30,000

c.
Php 16,500
d.
Php 15,500

Question 49
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Question text
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 90,909

b.
Php 22.727

c.
Php 71,428.57

d.
Php 68,301

Question 50
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Question text
Kelly has Php 100,000 in her savings account. Kelly invests in
Select one:

a.
Mutual funds
b.
Bonds

c.
Insurance

d.
Bank deposits