Summary FIN2602 Personal Financial Management Exam Pack with Comprehensive Answers 100% TRUSTED workings, explanations and solutions. For assistance call or us on .
First examiner: Nico Swart
Second examiner: Me L Ngcobo
This paper consists of 21 pages including one rough work sheet plus instructions for the
completion of a mark reading sheet.
Instructions:
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CONFIDENTIAL
This paper consists of 21 pages including one rough work sheet.
Hierdie vraestel bestaan uit 21 bladsye insluitend een kladwerkblad.
Each multiple choice question carries 2 marks. Both English and Afrikaans questions appear on
the question paper.
Elke meervoudigekeusevraag tel 2 punte. Sowel Engelse as Afrikaanse vrae verskyn op die
vraestel.
1 [TURN OVER / BLAAI OM]
, CONFIDENTIAL FIN2602
Page 2 of 21 OCT/NOV 2020
Personal financial planning:
1 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 term.
(c) Personal financial management education increases personal wealth.
(d) Financial literacy refers to personal financial literacy.
(e) Financial literacy refers to savings and investments only.
[1] a and b
[2] a, b and c
[3] a, b, c and d
[4] a, c and d
[5] a, c and e
1 Watter van die volgende stellings is korrek?
(a) ‘n Verhoging in ‘n persoon se salaris sal geen voordeel inhou tensy dit
deur finansiële geletterdheid ondersteun word nie.
(b) ‘n Verhoging in ‘n persoon se salaris sal sy/haar lewenskwaliteit op die
medium- en langtermyn verbeter.
(c) Opvoeding in persoonlike finansiële bestuur verhoog persoonlike welvaart.
(d) Finansiële geletterdheid verwys na persoonlike finansiële geletterdheid.
(e) Finansiële geletterdheid verwys slegs na spare en beleggings.
[1] a en b
[2] a, b en c
[3] a, b, c en d
[4] a, c en d
[5] a, c en e
2 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.
[1] a only
[2] a, b and c
[3] a, b and d
[4] b, c and d
[5] b, c and e
[TURN OVER / BLAAI OM]
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