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MMS Sec 4 Quiz 1 Flashcards | StudBud
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MMS Sec 4 Quiz 1
How do we beat inflation?
Which one has high risk but high returns?
MMS Sec 4 Quiz 1
6 terms
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StudBud Administration
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63 plays
#Financial Literacy
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
Which one has high risk but high returns?
Savings
Investments
2
How do we beat inflation?
Take up loans
Savings and investments
Buy Car and Bikes
Buy Insurance
3
Monthly instalment for a HDB ($400 000) to repay within 30 years with a simple interest of 3%?
$1144
$2111
$1111
$2697
4
How much will a 5-room HDB ($300 000) cost in 20 years assuming an increment of 6% p.a.?
$660 000
$718 967
$318 000
$962 141
5
Where do we save our money in?
Bank
Businesses and Companies
Investment Companies
In our Piggy Bank
6
How long does one take to buy a HDB that cost $300 000 with a monthly instalment of $1200?
270 months
260 months
250 months
240 months
