Started on Wednesday, 2 August 2023, 5:41 PM
State Finished
Completed on Wednesday, 2 August 2023, 5:58 PM
Time taken 16 mins 59 secs
Marks 19.00/20.00
Grade 95.00 out of 100.00
Question 1
Correct
M ark 1.00 out of 1.00
Which of the following statements are correct?
(a) An increase in a person’s salary will have no advantage unless it is supported by financial literacy
(b) An increase in a person’s salary will improve the quality of his/her life in the medium and long terms
(c) Personal financial management education increases personal wealth.
(d) Financial literacy refers to personal financial literacy.
(e) Financial literacy relates to savings and investments only.
a. a and b
b. a, b and c
c. a, b, c and d
d. a, c and d
e. a, c and e
Your answer is correct.
The correct answer is:
a, c and d
,Question 2
Correct
M ark 1.00 out of 1.00
Which of the following statements is/are correct?
(a) Personal financial literacy is a prerequisite for entrepreneurship.
(b) Without financial literacy, the possibility of economic freedom and transformation disappears.
(c) Total quality of life = quality of life at work.
(d) Debt counselling cannot replace financial literacy education.
(e) Debt counselling is the long-term solution to financial illiteracy.
a. a only
b. a, b and c
c. a, b and d
d. b, c and d
e. b, c and e
Your answer is correct.
The correct answer is:
a, b and d
, Question 3
Correct
M ark 1.00 out of 1.00
Which one of the following statements is correct?
a. The priorities and preferences of people who are in the same financial planning cycle is exactly the same.
b. The priorities and preferences of people who are in the same financial planning cycle will not change
according to their current individual circumstances.
c. Our financial priorities stay the same as we move through the personal financial planning cycle.
d.
Personal financial planning has to do with what the world’s richest people have done.
e.
Our financial priorities change as we move through the personal financial planning cycle.
Your answer is correct.
The correct answer is:
Our financial priorities change as we move through the personal financial planning cycle.
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