Basic Finance Final Q2

Basic Finance by Michelle M.
Esperal
Final Quiz 2
Completed on Tuesday, 8 August 2023, 9:49 AM
Marks 19.00/20.00
Grade 95.00 out of 100.00
Question 1
Question text
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%?
Question 1Select one:
a.
Php 7,500
b.
Php 6,984
c.
Php 4,875
d.
Php 4,755
Question 2
Question text
Which describes a short term goal?

a.
To buy a house after 3 years
b.
To buy a Php 1,000,000 worth car
c.
To graduate in college after 5 years
d.
To graduate in senior high school next year
Question 3
Question text
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?
a.
Pay yourself first
b.
Budget your money
c.
Start saving at young age
d.
Know your take home pay

Question 4
Question text
These are properties such as land and the buildings as well as the attached land
improvements and natural resources
a.
Mutual funds
b.
Real estate
c.
Insurance
d.
Bonds
Question 5
Question text
Which describes an intermediate term goal?
a.
b.

c.
d.
Question 6
Question text
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?
a.
Php 15,500
b.
Php 25,000
c.
Php 16,500
d.
Php 18,500
Question 7
Question text
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?
a.
Php 10,400
b.
Php 11,000
c.
Php 14,000
d.
Php 10,100
Question 8
Question text
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?
a.
Php 16,190
b.
Php 44,056
c.
Php 48,571
d.
Php 44,348
Question 9
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.
a.
Prime Bank
b.
Pump and dump
c.
Offshore Investing Scheme
d.
Ponzi scheme
Question 10
Question text
Which describes a long-term term goal?
a.
b.

c.
To buy a Php1,000,000 worth car within 4 years
d.
Question 11
Question text
Which is a SMART goal?
a.
To buy a car within 10 months
b.
Within 2 years, Jenny-a senior high school student will buy the Malacanang Palace.
c.
d.
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.
Question 12
Question text
John made a bank deposit worth Php 10,000. With 1% annual interest, how much is the total
interest after 4 years?
a.
Php 400
b.
Php 1,000
c.
Php 4,000
d.
Php 100
Question 13
Question text
In this type of investment, you can invest in stocks, bonds, cash or other assets
a.
Bonds
b.
Real estate
c.
Mutual funds
d.
Insurance
Question 14
Incorrect
Question text
Which is an example of an investment scam
a.
Commercial bank
b.
Bank deposits
c.
Bonds
d.
Prime bank
Question 15
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?
a.
Php 68,301
b.
Php 22.727
c.
Php 90,909
d.
Php 71,428.57
Question 16
Question text
This is a means of protection from financial loss
a.
Bank deposits
b.
Insurance
c.
Bonds
d.
Real estate
Question 17
Question text
Ranni plans to watch a movie in the cinema this week-end. The statement best describes
a.
Consumable-product goals
b.
Long-term goal
c.
Durable-product goals
d.
Intermediate goal
Question 18
Question text
This is the principle that potential return rises with an increase in risk.
a.
Financial probability
b.
Returning risk principle
c.
Time value of money
d.
Risk-return tradeoff
Question 19
Question text
Which statement is correct?

a.
Action-oriented goals provide the basis for the personal financial activities you will
undertake.
b.
It is unimportant know exactly what your goals are so you can create a plan designed to
achieve those objectives.
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
Question 20
Question text
Which statement is correct?
a.
All investments are scams
b.
It is advisable to have insurance in high value economic activities
c.
All insurances are scams

d.
Insurances can't help you recover in case of losses

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Basic Finance by Michelle M.

Grade 95.00 out of 100.00

Question 1Select one:

Question 2Select one:

To buy a house after 3 years

To buy a Php 1,000,000 worth car

To graduate in college after 5 years

To graduate in senior high school next year

Question 3Select one:

Pay yourself first

Budget your money

Start saving at young age

Know your take home pay

Question 4Select one:

Question 5Select one:

To graduate in senior high school next year

To graduate in college after 6 years

To buy a house after 3 years

To buy a Php 1,000,000 worth car

Question 6Select one:

Question 7Select one:

Question 8Select one:

Question 9Select one:

Pump and dump

Offshore Investing Scheme

Question 10Select one:

To buy a house after 3 years

To graduate in senior high school next year

To buy a Php1,000,000 worth car within 4 years

To graduate in college after 6 years

Question 11Select one:

To buy a car within 10 months

To buy a Php 1,000,000 worth car

Question 12Select one:

Question 13Select one:

Question 14Select one:

Question 15Select one:

Question 16Select one:

Question 17Select one:

Question 18Select one:

Returning risk principle

Time value of money

Question 19Select one:

Smart goals are useless

Question 20Select one:

All investments are scams

It is advisable to have insurance in high value economic activities

All insurances are scams

Insurances can't help you recover in case of losses

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